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

Posted under: Tech Move
Date: 2025-03-31
OpenAI's $40 Billion at Stake in SoftBank Deal | Justo Global

OpenAI faces a critical deadline to complete its transition to a for-profit company by the end of 2025 to secure its full $40 billion funding from SoftBank. Sources indicate that if the Microsoft-backed AI leader fails to restructure within this timeframe, SoftBank could reduce the investment to $20 billion. This accelerated timeline shortens OpenAI's previous two-year transition window, with the company stating the shift is necessary to obtain capital for developing advanced AI models.

Read more at: indianexpress.com