OpenAI must transition to a for-profit company by the end of the year to secure the full $40 billion funding led by SoftBank it is in the final stages of raising, a person familiar with the matter said on Friday. SoftBank can pare back the size of the funding round to $20 billion if Microsoft-backed OpenAI fails to restructure into a for-profit company by the end of the year. The Wall Street Journal was the first to report the news earlier in the day. This would mark an accelerated deadline for