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   Dare Obasanjo (carnage4life@mas.to)'s status on Saturday, 31-Aug-2024 07:35:23 JST Dare Obasanjo

   OpenAI is planning to update its corporate structure from a non-profit to a for-profit to make itself more attractive for a new funding round valuing it at over $100B with Nvidia, Apple and Microsoft as potential investors.

   This is the most predictable tech story of the year.

   OpenAI being a non-profit has been a farce for several years and it would be great to stop insulting everyone’s intelligence and formalize it as just another well funded tech startup.

   https://www.ft.com/content/841f6e58-b1bb-4c8e-bce0-a4c0b46ee2f8