OpenAI turmoil is a bad look for its huge funding round, VCs say. 'I would vote with my feet.'

• OpenAI is said to be closing a funding round that could value the company at as much as $150 billion.
• At the same time, the company saw yet another round of departures among its top leadership.
• The company is also reportedly looking to transform its core business into a for-profit benefit corporation.

At OpenAI, leadership shake ups are becoming something of an autumnal tradition. Less than a year after the ousting and rapid reinstatement of CEO Sam Altman, the company behind ChatGPT has seen three of its top leaders resign suddenly in the same week it moves to close what could be the largest funding round in the history of Silicon Valley.