OpenAI has become a public benefit corporation, giving Microsoft a 27% stake and long-term access to key research methods

The nonprofit holds an equity stake currently worth about $130 billion in its for-profit arm.

The deal removes a major constraint on raising capital for OpenAI, the maker of ChatGPT, and values firm at $500bn.

Microsoft and OpenAI announced Monday a series of new business partnerships aimed to advance artificial intelligence capabilities in U.S. commerce.

The restructuring ends years of capital constraints for OpenAI and grants Microsoft long-term technology access and new AGI rights under the updated deal.

The deal will see long term investor Microsoft retain a 27% stake in the ChatGPT-maker.

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 goes for-profit, Nvidia takes Nokia stake, Uber plans robotaxi fleet. Plus: Adobe, Apple, Microsoft, Myanmar, PayPal, Skyworks, Western Union.