OpenAI’s restructuring plans position it for a potential future IPO, but any such decision would depend on the mood in public markets as well as the readiness of the company, chief financial officer Sarah Friar said on Wednesday.
OpenAI, in which Microsoft has invested more than $13 billion, outlined plans in December to convert its for-profit arm into a public benefit corporation (PBC), a structure designed to balance shareholder returns with social goals, unlike non-profits, which are solely focused on public good.
The ChatGPT-maker dialled back…
