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The company signaled it would need the green light from California and Delaware policymakers as part of the restructuring plan. Artificial intelligence company OpenAI has signed a non-binding memorandum of understanding with its largest investor, Microsoft, to restructure its business.In a Thursday notice, OpenAI said the move, first proposed in May, would allow its for-profit arm to transition to a public benefit corporation, while the nonprofit would maintain control of the company. Under the deal, the nonprofit arm will have a stake worth more than $100 billion in the public benefit corporation.Read more The company signaled it would need the green light from California and Delaware policymakers as part of the restructuring plan. Artificial intelligence company OpenAI has signed a non-binding memorandum of understanding with its largest investor, Microsoft, to restructure its business.In a Thursday notice, OpenAI said the move, first proposed in May, would allow its for-profit arm to transition to a public benefit corporation, while the nonprofit would maintain control of the company. Under the deal, the nonprofit arm will have a stake worth more than $100 billion in the public benefit corporation.Read more

OpenAI, Microsoft reach restructuring agreement over for-profit arm

2025/09/13 04:51

The company signaled it would need the green light from California and Delaware policymakers as part of the restructuring plan.

Artificial intelligence company OpenAI has signed a non-binding memorandum of understanding with its largest investor, Microsoft, to restructure its business.

In a Thursday notice, OpenAI said the move, first proposed in May, would allow its for-profit arm to transition to a public benefit corporation, while the nonprofit would maintain control of the company.

Under the deal, the nonprofit arm will have a stake worth more than $100 billion in the public benefit corporation.

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