#for-profit-restructuring

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#openai #microsoft #fundraising #ai-strategy #investment
Artificial intelligence
fromBusiness Insider
2 months ago

'Peacetime CEO': Microsoft resolves major dispute with OpenAI ahead of earnings

Microsoft and OpenAI resolved a dispute, lifting fundraising limits and enabling OpenAI's for-profit restructuring and expanded deal-making authority.
fromBusiness Insider
4 months ago

Microsoft is close to getting a giant new equity stake in OpenAI. It could be worth at least $150 billion.

OpenAI announced last week that it's restructuring itself into a for-profit public benefit corporation. The move will create traditional stock that enables investors to get equity stakes in the business. As part of this, Microsoft will likely get a new equity stake in OpenAI that could be worth at least $150 billion, according to analysts at BNP Paribas and other estimates.
Artificial intelligence
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