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OpenAI faces funding cut unless it transitions to for-profit model

OpenAI's current funding round, valued at $40 billion, risks a $10 billion cut unless the company transitions to a for-profit model by December 31. SoftBank's investment would decrease from $30 billion to $20 billion, while Microsoft and other investors are expected to maintain their commitments. The restructuring, which requires approval from Microsoft and the California Attorney General, faces legal challenges, including one from co-founder Elon Musk.
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United States Dollar Microsoft Corp Oracle AI USD SoftBank Corp. USA Elon Musk Sam Altman Brad Lightcap Show more
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09:30 02.04.2025
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