OpenAI Restructure Paves Way for IPO and AI Spending Spree

Bloomberg Tech 3 hours ago 56

In late 2024, OpenAI, still recovering from the aftershock of the brief, messy ousting of Sam Altman, initiated what it hoped would be a relatively straightforward process of converting to a more traditional for-profit business that would be more appealing to investors. Then came the pushback.

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