OpenAI's $6.5 billion funding round could close next week

OpenAI's upcoming funding round, valued at $6.5 billion, may close as early as next week, according to The Wall Street Journal. This round is linked to OpenAI's expected shift from a nonprofit to a for-profit organization. Investors will have the option to withdraw their funds if the transition is not completed within two years. Despite generating $4 billion in revenue, OpenAI is reportedly facing significant losses and internal challenges. The company has also experienced technical delays, with researchers given only nine days to safety-test its latest model, GPT-4o, before its launch in May.