OpenAI must complete for-profit transition by year-end to raise full $40 billion

March 30, 2025

, By The Economic Times

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OpenAI must transition to a for-profit company by the end of the year to secure the full $40 billion funding led by SoftBank it is in the final stages of raising, a person familiar with the matter said on Friday.

SoftBank can pare back the size of the funding round to $20 billion if ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/microsoft-backed-openai” target=”_blank”>Microsoft-backed OpenAI fails to restructure into a for-profit company by the end of the year.

The Wall Street Journal was the first to report the news earlier in the day.

This would mark an accelerated deadline for OpenAI to pull off its complicated transition. It was…

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OpenAI must complete for-profit transition by year-end to raise full $40 billion

March 30, 2025

, Published By The Economic Times

OpenAI must transition to a for-profit company by the end of the year to secure the full $40 billion funding led by SoftBank it is in the final stages of raising, a person familiar with the matter said on Friday.

SoftBank can pare back the size of the funding round to $20 billion if ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/microsoft-backed-openai” target=”_blank”>Microsoft-backed OpenAI fails to restructure into a for-profit company by the end of the year.

The Wall Street Journal was the first to report the news earlier in the day.

This would mark an accelerated deadline for OpenAI to pull off its complicated transition. It was…

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News

View | India’s CBDC Journey: Lessons from global setbacks and why it still has the potential to succeed

Next News

Sam Altman firing drama detailed in new book excerpt

The Economic Times

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