Technology

AI

Opinion

Stephen Bartholomeusz Senior business columnist October 29, 2025 — 11.56am

OpenAI has secured its long-awaited, contentious, restructuring, clearing the way for an eventual public float of the $US500 billion ($760 billion) leader of the scramble to develop and cash in on artificial intelligence and an eventual parting of the ways with long-time backer, Microsoft.

Carving what was a not-for-profit structure into two – a continuing not-for-profit which will have a 26 per cent shareholding in a for-profit commercial entity – will create more funding options for OpenAI, which has an insatiable appetite for capital.

It will also free it from the shackles of its partnership with Microsoft , which invested in the start-up in 2019 and which has turned a $US13.75

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