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OpenAI’s huge valuation contingent on upending corporate structure

  • OpenAI is planning an upcoming funding round structured as convertible notes.
  • The company's $150 billion valuation is contingent on restructuring its corporate structure and removing the profit cap for investors.
  • Existing investors like Thrive Capital, Khosla Ventures, and Microsoft are expected to participate, along with new investors such as Nvidia and Apple.
  • If the restructuring is unsuccessful, OpenAI may need to renegotiate its valuation with investors.

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