Nov 4 (Reuters) - Sam Altman-led OpenAI is in early

talks with the California attorney general's office to change

its corporate structure in a bid to become a for-profit

business, Bloomberg News reported on Monday, citing two people

familiar with the matter.

OpenAI and a representative for the California Attorney

General did not immediately respond to Reuters' requests for

comment.

A shift to being a for-profit company would mark a drastic

reversal in governance structure for the AI pioneer, which was

founded in 2015 as a non-profit AI research lab. However, the

move would make the firm more attractive to investors.

Reuters first reported in September that Microsoft ( MSFT )-backed

OpenAI was working on a plan to restructure its core

business into a for-profit benefit corporation no longer

governed by its non-profit board.

The OpenAI non-profit will continue to exist and own a

minority stake in the for-profit company, sources then told

Reuters.

Last month, the ChatGPT maker closed a $6.6 billion funding

round, which could value the company at $157 billion and cement

its position as one of the most valuable private companies in

the world.