OpenAI and Microsoft Solidify Partnership with Major Corporate Restructuring
OpenAI and Microsoft Solidify Partnership with Major Corporate Restructuring OpenAI, the creator of ChatGPT, has finalized a significant new agreement with Microsoft, formalizing a corporate restructuring that grants its nonprofit foundation a substantial $100 billion equity stake in its for-profit entity. This move solidifies the ongoing partnership between the two tech giants, charting the next phase of their collaboration amidst increasing regulatory and public scrutiny. The agreement outlines a revised corporate structure, with the nonprofit board, originally established in 2015…