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OpenAI said it has reorganized its ownership structure and converted its business into a public benefit corporation.
As part of the new agreement, Microsoft holds a $135 billion stake in the for-profit OpenAI business public benefit corporation, or OpenAI Group PBC,
OpenAI’s conversion to a for-profit structure is ready, along with a new deal thatshrinks Microsoft’s ownership stake and defines AGI.
The artificial intelligence company said that the nonprofit that controlled the organization would receive a $130 billion stake in the new company.
OpenAI urges the US to treat electricity generation as a national-security and competitiveness priority essential to sustaining America’s AI leadership.
Tracing the journey of OpenAI: its non-profit roots, the 2023 coup, and the legal war over a corporate overhaul.