However, California — where OpenAI is headquartered — does allow nonprofit corporations to convert to for-profit models through a complex process that first transforms the entity into a for-profit stock corporation and later a limited liability corporation (LLC).

To justify its more than $150 billion valuation, OpenAI is seeking to expand its revenue streams by exploring high-end subscription plans that could cost upward of $2,000 per month. In September 2024, OpenAI revealed that it acquired 1 million users across its suite of products — a 67% increase since April 2024.