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Market Chatter: OpenAI Must Convert to For-Profit Entity or Funding Could be Slashed by $10 Billion
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Market Chatter: OpenAI Must Convert to For-Profit Entity or Funding Could be Slashed by $10 Billion
Mar 31, 2025 11:36 AM

02:27 PM EDT, 03/31/2025 (MT Newswires) -- Microsoft ( MSFT )-backed (MSFT) OpenAI's private funding round could be slashed by $10 billion to $30 billion it doesn't restructure to a for-profit entity by Dec. 31, CNBC reported Monday, citing a person familiar with the matter.

OpenAI didn't immediately reply to a request 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.)

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