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Microsoft and OpenAI reach non-binding deal to allow OpenAI to restructure
OpenAI's nonprofit parent will retain over $100 billion in equity, ensuring mission oversight as the company restructures to raise capital and pursue a potential public offering.
- Microsoft and OpenAI have signed a non-binding memorandum of understanding for the 'next phase' of their partnership, according to their joint statement.
- The New York Times reported that the new agreement modifies the clause preventing Microsoft from accessing OpenAI's most powerful technology if human-like AGI is reached.
- OpenAI is giving an equity stake worth at least $100 billion to its nonprofit arm, allowing for a transition to a public benefit corporation.
- Microsoft has invested over $13 billion into OpenAI and is entitled to 49 percent of its future profits.
108 Articles
108 Articles
KHQ Right Now
KULR-TVOpenAI and Microsoft to revise partnership in major shift
OpenAI has reached a tentative agreement to revise its partnership with Microsoft, its biggest investor. This move will allow OpenAI to transition from a nonprofit to a for-profit company. The timeline for these changes to take effect remains unclear.
OpenAI has taken an important step in reaching a new tentative agreement with Microsoft.This movement, as detailed in the original report, highlights the transfer of a $100 billion share to the non-profit organization OpenAI, which controls its business branch.This restructuring has sparked interest and vigilance on the part of various regulators and consumer advocates concerned about the implications of artificial intelligence. California Attor…
Public Citizen Challenges OpenAI's $100 Billion Stake Proposal, Urges Delaware And California AGs To Act
Advocacy group calls on state attorneys general to reject a deal that would grant OpenAI’s nonprofit a massive stake in its for-profit arm, citing a conflict of interest and a failure to uphold its charitable mission. A new controversy has emerged regarding OpenAI’s corporate structure, with consumer advocacy group Public Citizen sending a letter to […] Public Citizen Challenges OpenAI’s $100 Billion Stake Proposal, Urges Delaware And California…
Associated Press News
OpenAI reaches new agreement with Microsoft to change its corporate structure
OpenAI has reached a new tentative agreement with Microsoft and said its nonprofit, which technically controls its business, will now be given a $100 billion equity stake in its for-profit corporation.
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