Nexperia Urges China Division to Resume Chip Production as Supply Risks Mount 
EU Prepares Antitrust Probe Into Meta’s AI Integration on WhatsApp 
IKEA Launches First New Zealand Store, Marking Expansion Into Its 64th Global Market 
Apple Appoints Amar Subramanya as New Vice President of AI Amid Push to Accelerate Innovation 
UPS MD-11 Crash Prompts Families to Prepare Wrongful Death Lawsuit 
Netflix’s Bid for Warner Bros Discovery Aims to Cut Streaming Costs and Reshape the Industry 
Sam Altman Reportedly Explored Funding for Rocket Venture in Potential Challenge to SpaceX 
Norway’s Wealth Fund Backs Shareholder Push for Microsoft Human-Rights Risk Report 
Microchip Technology Boosts Q3 Outlook on Strong Bookings Momentum 
Anthropic Reportedly Taps Wilson Sonsini as It Prepares for a Potential 2026 IPO 
Coupang Apologizes After Massive Data Breach Affecting 33.7 Million Users 
Banks Consider $38 Billion Funding Boost for Oracle, Vantage, and OpenAI Expansion 
AI-Guided Drones Transform Ukraine’s Battlefield Strategy 
Apple Alerts EU Regulators That Apple Ads and Maps Meet DMA Gatekeeper Thresholds 
Vietnam’s Growing Use of Chinese 5G Technology Raises Western Concerns 
Morgan Stanley Boosts Nvidia and Broadcom Targets as AI Demand Surges 
Apple Leads Singles’ Day Smartphone Sales as iPhone 17 Demand Surges 
OpenAI, led by CEO Sam Altman, is in early discussions with California's attorney general to potentially transition into a for-profit entity. The change could attract new investors, marking a shift from OpenAI's original non-profit model established in 2015.
OpenAI's Strategic Shift Towards Profitability
OpenAI, which Sam Altman manages, is reportedly in preliminary discussions with the office of the California attorney general to modify its corporate structure in an effort to transform into a for-profit enterprise, according to a report published by Bloomberg News on Monday, which cited two individuals who are familiar with the situation.
Reuters' attempts for comment were not immediately met with a response from either OpenAI or a representative of the California Attorney General.
Potential Impact of Transitioning to a For-Profit Model
For the artificial intelligence pioneer, which was established in 2015 as a non-profit AI research lab, a transition to becoming a for-profit firm would represent a significant reversal in the governance structure of the organization. The change, on the other hand, would make the company more appealing to potential investors.
In September, Reuters was the first to reveal that Microsoft-backed organization opens a new tab. OpenAI was in the process of formulating a strategy to transform its primary business into a for-profit benefit corporation that would no longer be monitored by its non-profit board of directors.
OpenAI's Non-Profit Arm to Retain Stake
The non-profit organization known as OpenAI will continue to operate and will own a minority stake in the company that is for profit, according to people who spoke to Reuters.
OpenAI's Valuation Surges Amid Latest Funding
A funding round of $6.6 billion was successfully completed by the ChatGPT manufacturer late last month. This round of funding has the potential to value the firm at $157 billion, thereby solidifying its place as one of the most valuable private corporations in the world.
