by: xpoolPosted on:

OpenAI Re-structures as Public Benefit Corporation, Securing Microsoft’s 27% Stake

OpenAI, the company behind the popular ChatGPT language model, has transformed its legal structure into a public benefit corporation. This move offers greater flexibility for funding and expansion as it pursues further AI development efforts. The restructuring grants Microsoft a significant stake of 27%, worth approximately $135 billion, in the new entity.

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