OpenAI's $150b valuation hinges on corporate restructuring, removing investors' profit cap

OpenAI's $150b valuation hinges on corporate restructuring, removing investors' profit cap

Anderson Cooper and Sam Altman, Sun Valley, Idaho, July 11, 2024. REUTERS/Brendan McDermid

OpenAI‘s new financing round is expected to come in the form of convertible notes, according to sources with direct knowledge of the matter, who said its $150 billion valuation will be contingent on whether the ChatGPT-maker can upend its corporate structure and remove a profit cap for investors.