Microsoft Finalizes 27% Stake in OpenAI
OpenAI has completed its transformation from a non-profit to a for-profit model, marking a significant shift in its governance and operations.
This restructuring allows OpenAI to access more capital, redefine its governance, and potentially prepare for an initial public offering (IPO).
Microsoft and OpenAI have finalized a landmark restructuring deal that officially transitions the ChatGPT maker into a for-profit public benefit corporation.
- Microsoft will retain a 27% ownership stake in OpenAI, valued at approximately $135 billion.
- The agreement enables Microsoft to access OpenAI's AI models and technologies through 2032.
The move is expected to support OpenAI's growing ambitions in artificial intelligence and data infrastructure.
Author's summary: OpenAI shifts to for-profit model with Microsoft's 27% stake.
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