OpenAI, the company responsible for the popular 'chatbot' ChatGPTassured this Friday that You will need to raise more capital than you had initially thoughtwhile remaining focused on promoting the development of artificial intelligence (AI). «The hundreds of billions of dollars that major companies are now investing in AI development shows what it will really take for OpenAI to continue its mission. Once again we need to raise more capital than we had imagined«, the company stated in a statement. In addition, it stressed that its activity «is only the beginning of an AI-driven economy and shows how OpenAI's pursuit of leadership in the field can inspire other organizations to also advance the mission. «Looking into the new year, the company aims to become»in more than a laboratory and a startup«, so it aims to be «a lasting company.» «Our plan is transform our existing for-profit organization into a Public Benefit Corporation (PBC) of Delaware with common stock and OpenAI's mission as its public benefit interest,» he explained. The PBC structure requires the company to balance the interests of shareholders, the interests of the parties involved and a public benefit interest in their decision-making. This modification will allow the company to «raise the necessary capital with conventional terms like others in this space«. «Our plan would result in one of the best-resourced nonprofits in history. The nonprofit's significant stake in the existing for-profit organization would take the form of PBC shares at a fair valuation determined by independent financial advisors. This will multiply the resources our donors gave«he concludes.