Microsoft and OpenAI reach non-binding deal to allow OpenAI to restructure

Microsoft and OpenAI announce the 'next phase' of their partnership

Microsoft and OpenAI have issued a joint statement to say that they have signed a non-binding memorandum of understanding for the "next phase" of their partnership.

OpenAI realignment to give non-profit over US$100 billion stake

OpenAI’s unusual structure became an issue in 2023 when Altman was suddenly fired and then, after several days of chaos, reinstated.

OpenAI and Microsoft sketch out deal to unlock for-profit restructuring…

OpenAI’s nonprofit parent company secures $100B equity stake while retaining control of AI giant

Artificial intelligence giant OpenAI has announced its nonprofit parent company will retain control while gaining an equity stake worth more than $100 billion.

Microsoft, OpenAI reach non-binding deal to allow ChatGPT maker to restructure

This marks a step forward for OpenAI as it seeks to raise capital under a more common governance structure. Read more at straitstimes.com.

Microsoft and OpenAI reach non-binding deal to allow OpenAI to restructure

Microsoft and OpenAI said on Thursday they have signed a non-binding deal for new relationship terms that would allow OpenAI to proceed to restructure itself into a for-profit company, marking a new phase of the most high-profile partnerships to fund the ChatGPT frenzy.