#openai-recapitalization

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Tech industry
fromTechCrunch
6 days ago

OpenAI completes its for-profit recapitalization | TechCrunch

OpenAI completed recapitalization, creating a for-profit OpenAI Group controlled by a non-profit foundation, with ownership splits, Microsoft stake, and extended IP rights.
Artificial intelligence
fromFortune
1 day ago

OpenAI completes for-profit restructuring and grants Microsoft a 27% stake in the company | Fortune

OpenAI completed a for-profit recapitalization into the OpenAI Group Public Benefit Corporation, with Microsoft acquiring a 27% stake and extended technology access through 2032.
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