OpenAI, the company behind ChatGPT, has signed a non-binding agreement with Microsoft that could dramatically reshape its corporate structure and future. The deal, announced Thursday, sets the stage for OpenAI’s for-profit arm to transition into a public ...

Microsoft (NASDAQ:MSFT) and OpenAI have signed a non-binding memorandum of understanding to redefine their relationship, paving the way for OpenAI to restructure into a for-profit company. The companies did not disclose financial details but said they are ...

Microsoft (MSFT) and OpenAI (OPAI.PVT) announced on Tuesday that they have reached a new agreement that lets the ChatGPT developer move forward with its plans to transform into a for-profit public benefit corporation. Under the new agreement, Microsoft ...

Microsoft and OpenAI announced a deal Tuesday that allows the maker of ChatGPT and the Atlas browser to restructure into a public benefit corporation (PBC), valuing OpenAI at $500 billion and clearing the way for it to become a publicly traded company.

The big picture: OpenAI has completed a sweeping overhaul of its ownership and governance structure, ending months of negotiations with Microsoft and securing a path to operate as a for-profit public benefit corporation while remaining under nonprofit ...