OpenAI Rejects Robotics and Hardware Spinoff Plan Ahead of IPO Over Balance-Sheet Concerns, WSJ Reports
OpenAI considered spinning out its robotics and hardware divisions ahead of an IPO, but the plan was rejected because the new entities would still need to remain on OpenAI’s balance sheet, the Wall Street Journal reported.
The Journal had previously reported that Sam Altman discussed separating OpenAI’s robotics and consumer hardware units late last year. The proposal was later turned down, according to the report.
From the sources (4 posts)
@firstsquawkWSJ reports that OpenAI chief Sam Altman discussed plans to separate its robotics and consumer hardware divisions late last year.
@firstsquawkWSJ reports that a proposal to separate OpenAI’s robotics and consumer hardware units was turned down.
@cointelegraph⚡️ LATEST: OpenAI considered spinning out its robotics and hardware divisions ahead of its IPO, per WSJ. The plan was rejected over concerns the new entities would still need to stay on OpenAI's balance sheet.
@bijonmehtaAhead of Race to IPO, OpenAI Discussed Spinning Out Robotics, Hardware Divisions