- Bay Area Times
- Posts
- OpenAI’s $150B valuation reportedly hinges on restructuring corporate model
OpenAI’s $150B valuation reportedly hinges on restructuring corporate model
Bay Area Times
September 16, 2024
Brought to you by:
Top stories today:
- OpenAI’s $150B valuation reportedly hinges on corporate restructure
- SpaceX’s Polaris Dawn crew returns home after historic spacewalk
- Larry Ellison says he, Elon begged NVIDIA CEO for AI GPUs at dinner
- S&P 500 Index has bounced back, but not due to Big Tech
- Trump is safe after 2nd assassination attempt
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
1. OpenAI’s $150B valuation reportedly hinges on restructuring corporate model
$6.5B funding could be finalized in 2 weeks.
Valuation renegotiation could be needed if restructuring is unsuccessful.
Turning non-profit to a for-profit also reportedly discussed with lawyers.
OpenAI capped returns at 100x the investment for investors previously.
Automation and integration that scales processes and delivers insights.
From sale to billing and revenue recognition to general ledger and forecasting, get one system of record.
*Sponsored.
