OpenAI struggles to price Microsoft stake in deal to become for-profit company

OpenAI struggles to price Microsoft stake in deal to become for-profit company

ChatGPT-maker in complex talks over splitting from its non-profit arm in move opposed by Elon Musk

OpenAI's nonprofit status questioned by California AG - The Sacramento Observer

California's attorney general's office investigates OpenAI's potential for-profit conversion, raising concerns over asset transfers and charitable trust.

California Is Investigating OpenAI’s Conversion To a For-Profit Company – The Markup

The state’s attorney general asked the company how it plans to transfer assets out of its charitable nonprofit Attorney General Rob Bonta has asked OpenAI about its reported conversion to a for-profit company as part of an ongoing investigation. Bonta during a press conference in Sacramento on Sept. 26, 2023. Photo by Miguel Gutierrez Jr., CalMatters As part of what it described as an ongoing investigation, the California attorney general’s off…

California attorney general is investigating OpenAI’s conversion to a for-profit company - Local News Matters

As part of what it described as an ongoing investigation, the California attorney general’s office has sought answers from OpenAI about its reported plan to convert to a for-profit corporation and how it intends to transfer assets out of its existing nonprofit.In a letter sent to the ChatGPT maker Dec. 6, deputy attorney general Christopher Lamerdin cited clauses in OpenAI’s articles of incorporation under which “OpenAI’s assets are irrevocably …

OpenAI's for-profit evolution hits a major roadblock — as the ChatGPT maker struggles to establish Microsoft's equity in its reportedly $30 billion charitable arm

OpenAI is reportedly deliberating transforming into a for-profit entity. However, the process has seemingly been stunted as the ChatGPT maker struggles to determine Microsoft's equity in the public benefit corporation, which could be valued at $30 billion.

OpenAI's board is in the middle of negotiations to be able to separate its profit-making branch from the rest of the company and determine Microsoft's share of the startup.