"Following this announcement, the company held a livestream, in which OpenAI CEO Sam Altman and Chief Scientist Jakub Pachocki discussed the future roadmap of the company and added more color on the acquisition. Restructuring and Microsoft's role These philanthropic commitments include $25 billion allocated to two areas: curing diseases and technical solutions for AI resilience, which the company refers to as its efforts to maximize the benefits of AI while minimizing its risks."
"These philanthropic commitments include $25 billion allocated to two areas: curing diseases and technical solutions for AI resilience, which the company refers to as its efforts to maximize the benefits of AI while minimizing its risks. Meanwhile, long-term partner Microsoft has increased its investment in the company, holding a stake in the OpenAI Group PBC valued at approximately $135 billion, which is equivalent to 27% of the company on an as-converted diluted basis."
OpenAI completed its recapitalization and finalized a split into nonprofit and for-profit arms. The nonprofit, renamed the OpenAI Foundation, will retain control of the for-profit OpenAI Group by holding roughly 26% equity valued at about $130 billion. The Foundation committed $25 billion to philanthropic efforts focused on curing diseases and developing technical solutions for AI resilience to maximize AI benefits while minimizing risks. Long-term partner Microsoft increased its investment and now holds about a 27% stake in the OpenAI Group, valued around $135 billion. The partnership's core terms remain unchanged.
Read at ZDNET
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