The start-up OpenAI reached a tentative deal with Microsoft, its biggest investor, and said it would give a $100 billion stake to the nonprofit that manages it.
Artificial
Intelligence
Supported by
The start-up OpenAI reached a tentative deal with Microsoft, its biggest investor, and said it would give a $100 billion stake to the nonprofit that manages it.
By Karen Weise and Cade Metz
The nonprofit holds an equity stake currently worth about $130 billion in its for-profit arm.
The restructuring ends years of capital constraints for OpenAI and grants Microsoft long-term technology access and new AGI…
Microsoft will have a roughly 27% stake in the new for-profit company known as OpenAI Group PBC.
OpenAI has become a public benefit corporation, giving Microsoft a 27% stake and long-term access to key research methods
OpenAI’s unusual structure became an issue in 2023 when Altman was suddenly fired and then, after several days of chaos,…
The deal removes a major constraint on raising capital for OpenAI, the maker of ChatGPT, and values firm at $500bn.
