OpenAI must complete for-profit transition by year-end to raise full $40b

OpenAI must complete for-profit transition by year-end to raise full $40b

FILE PHOTO: OpenAI logo is seen in this illustration taken, February 3, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

OpenAI must transition to a for-profit company by the end of the year to secure the full $40 billion funding led by SoftBank that it is in the final stages of raising, a person familiar with the matter said on Friday.

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