OpenAI Embraces Public Benefit Status as Microsoft Invests $135B

In a strategic move to bolster its growth amid intense competition in the AI field, OpenAI has transitioned into a public benefit corporation. This shift comes with significant investment from Microsoft, securing the tech giant a 27% stake valued at roughly $135 billion. The deal underscores the company’s ambition to combine profitability with societal impact within the burgeoning cryptocurrency and blockchain arena. This restructuring opens doors for OpenAI to raise capital more efficiently, while maintaining its focus on leveraging AI to make a positive societal contribution. 800 million weekly active users are testament to ChatGPT’s growing influence as it powers AI trading bots that outperform competitors in simulated crypto trading scenarios.