OpenAI Restructures With Microsoft Deal, Nonprofit Arm Secures $100B Stake

TLDR: OpenAI nonprofit gains over $100B stake as part of planned for-profit restructure with Microsoft. Microsoft invested $11B in OpenAI, maintaining priority access to AI tools under new terms. OpenAI seeks capital under a conventional corporate structure to expand AI development and cloud partnerships. Attorneys General in California and Delaware must approve OpenAI’s new PBC [...]

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