03:19 PM EDT, 08/30/2024 (MT Newswires) -- Microsoft ( MSFT )-backed (MSFT) OpenAI is considering restructuring itself to make it easier for backers to invest in the startup, London's Financial Times reported Friday.

While a final decision is yet to be made, the company is considering removing an existing cap on profits for investors in its for-profit subsidiary.

OpenAI has a two-step corporate structure in which a for-profit subsidiary is operated by a non-profit board.

This complex structure has been an impediment to fundraising in the past and talks of a restructuring come as OpenAI gears up for a new fund raising that values it at over $100 billion, the report said. Apple (AAPL) and Nvidia (NVDA) are reportedly potential investors in the new round.

Microsoft ( MSFT ) and OpenAI did not immediately respond to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 413.65, Change: +0.53, Percent Change: +0.13