According to a source, OpenAI needs to become a for-profit company by the end of the year in order to access the full $40 billion funding from SoftBank. Failure to do so could result in the funding being reduced to $20 billion. The Wall Street Journal first broke this news earlier in the day. OpenAI has an accelerated deadline to make this transition, as it was initially given a two-year timeline in its last funding round. The startup has emphasized that transitioning to a for-profit entity is crucial in order to obtain the necessary funding for advancing its AI models. OpenAI has not provided any immediate comments in response to a request for information.