OpenAI completed its for-profit restructuring — and struck a new deal with Microsoft

OpenAI’s controversial for-profit restructuring is finally complete, along with a new deal with Microsoft. The company’s for-profit arm is now a public benefit corporation, dubbed OpenAI Group PBC. The nonprofit is now called the OpenAI Foundation and “holds equity in the for-profit currently valued at approximately $130 billion” — it will begin with a $25 […]

Posted from: this blog via Microsoft Power Automate.