OpenAI and Microsoft reach agreement paving way for $100 billion public benefit shift: Read joint statement
OpenAI and Microsoft have reached a nonbinding agreement to revise their partnership, potentially transforming OpenAI's for-profit arm into a public benefit corporation. The nonprofit board will retain control, holding a stake in the PBC valued at over $100 billion. This move aims to provide OpenAI with greater flexibility as it expands its business, while maintaining a commitment to AI safety.
OpenAI and Microsoft have reached a nonbinding agreement to revise their partnership, potentially transforming OpenAI's for-profit arm into a public benefit corporation. The nonprofit board will retain control, holding a stake in the PBC valued at over $100 billion. This move aims to provide OpenAI with greater flexibility as it expands its business, while maintaining a commitment to AI safety.
