by: xpoolPosted on:

Microsoft & OpenAI Strike Non-Binding Deal to Transform OpenAI’s For-Profit Arm into Public Benefit Corporation

In a significant restructuring announcement, Microsoft and OpenAI have entered into a non-binding memorandum of understanding (MOU) that will convert OpenAI’s for-profit arm into a public benefit corporation. This move requires regulatory approval. The anticipated transition aims to bolster OpenAI’s fundraising capacity without an immediate impact on the cryptocurrency market.

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