OpenAI has reached a new tentative agreement with Microsoft and said its nonprofit, which technically controls its business, will now be given a $100 billion equity stake in its for-profit corporation.
The maker of ChatGPT said it had reached a new nonbinding agreement with Microsoft, its longtime partner, “for the next phase of our partnership.”
Recommended Videos
The announcements on Thursday include a few details about these new arrangements. OpenAI's proposed changes to its corporate structure have drawn the scrutiny of regulators, competitors and advocates concerned about the impacts of artificial intelligence.
OpenAI was founded as a nonprofit in 2015 and its nonprofit board has continued to control the for-profit subsidiary that now develops and sells its AI products. It’s not c