Openai and Microsoft have reached the reorganization of the agreement for the profit arm
Artificial intelligence company Openai signed a non-binding memorandum of understanding its biggest investor, Microsoft, to rearrange its business.
In a notice on Thursday, Openai Says The move, first suggested in May, will allow for the profit arm to move to a public benefit corporation, while the nonprofit will maintain the control of the company.
Under the deal, the nonprofit arm will have a stake worth more than $ 100 billion in the Public Benefit Corporation.
“Openai is established as a nonprofit, now a nonprofit that oversees and controls for-profit, and the forward will remain a nonprofit that oversees and controls for-profit,” Says CEO Sam Altman in May. “That won’t change.”
The company said it would “continue to cooperate with California and Delaware Attorneys General” as part of the repair plan, which signed the need to cooperate with local policies.
Openai’s physical office is in San Francisco, but the company is legally integrated with Delaware.
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Leadership
Established in 2015 by tech figures including Elon Musk and Sam Altman, Openai launched as a nonprofit research lab dedicated to artificial intelligence. The company is responsible for the development of chatgpt, one of the most significant large language models that has emerged in the last decade.
Openai was the target of heavy criticism in 2023 when its board of directors Altman pushed As CEO for the so -called “not a constant candidate in his communication.” He was restored within a few days after pushback from staff And many in the public.
Refrigeration notice came about a month after Openai said it has raised $ 8.3 billion to reach a $ 300 billion appreciation. The company has been reportedly expected to generate $ 12.7 billion in total income in 2025.
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