Reported about 8 hours ago
OpenAI has reached a non-binding agreement with Microsoft, allowing it to transition its for-profit arm into a public benefit corporation (PBC) if approved by regulators. This change aims to enable OpenAI to raise more capital and potentially go public, while its nonprofit arm will retain operational control. The deal follows extensive negotiations and is part of OpenAI's strategy to reduce dependency on Microsoft for cloud services.
Source: YAHOO