OpenAI plans restructuring to separate for-profit and non-profit operations to raise more capital

OpenAI plans to restructure its operations to better separate its for-profit and non-profit arms as it seeks to raise more capital. The company aims to establish its for-profit side as a public benefit company to attract investors. Despite raising $6.6 billion recently, OpenAI's board stated it needs more funding to compete in the AI market. The new structure will allow the board to consider investor interests while maintaining a focus on societal benefits. OpenAI's transition faces challenges, including executive departures and a lawsuit from Elon Musk, who opposes the shift to a for-profit model. Musk's legal actions include accusations of anticompetitive behavior against the company.