OpenAI's $6.5B funding spherical might shut as quickly as subsequent week | TechCrunch

ChatGPT maker OpenAI’s subsequent funding spherical, mentioned to be round $6.5 billion, may shut as quickly as the top of subsequent week.

That’s in line with a brand new report in The Wall Avenue Journal, which additionally reveals that OpenAI’s rumored conversion from a nonprofit org right into a for-profit firm is now a digital certainty. Buyers within the new spherical will have the ability to pull again their cash if OpenAI doesn’t full the transition inside two years, per The WSJ.

The WSJ piece paints an image of a startup that, whereas having just lately hit $4 billion in income, remains to be shedding billions — and beset by inner clashes, a burnout-prone work tradition, and technical delays. Researchers on the firm reportedly had simply 9 days to safety-test GPT-4o, OpenAI’s current flagship mannequin, as OpenAI raced to debut the mannequin to take consideration away from Google’s annual I/O developer convention.