OpenAI just revealed that 'many' potential investors have walked away over its unusual structure
Tom Williams/CQ-Roll Call, Inc via Getty Images
- OpenAI says it has struggled to raise funds due to its nonprofit structure.
- The company just revealed its fundraising challenges in a letter to California's attorney general.
- OpenAI plans to restructure as a Public Benefit Corporation to attract investors.
OpenAI is one of the most well-funded startups in history, raising a massive $40 billion round led by SoftBank earlier this year.
But many investors...