OpenAi, the developer behind ChATGPT, has converted its organizational structure to a public benefit corporation, a shift designed to give the company more flexibility to raise capital as it scales its artificial intelligence ambitions.
According to The Wall Street Journalthe restructuring of Microsoft a 27% stake in the new entity, worth about $ 135 billion. The agreement also extends Microsoft’s access to Openai’s core technologies for the next seven years.
As part of the deal, OpenAi is committed to spending $250 billion on Microsoft’s cloud services over the life of the partnership, further strengthening the companies’ strategic and financial position.
A public benefit corporation remains a for-profit entity, allowing it to raise capital, issue equity and generate returns for investors.
In other words, restructuring does not destroy Elon Musk’s criticism of Openai. The billionaire argued that the company betrayed its founding mission by shifting away from its nonprofit roots to pursue commercial partnerships and profits.
Related: Openai launches browser with brain powered by agent AI
Chatgpt’s reach extends to AI trading as rivals gain ground
ChatGPT remains the most widely used language model worldwide, with an estimated 800 million weekly active users, according to industry data.
The model’s capabilities extend beyond conversation, as it is increasingly integrated with AI-powered trading bots for both cryptocurrency and traditional stock markets. These bots use chatgpt to analyze market data, learn from trading patterns and refine their strategies in real time, According to Cointelegraph.
Recently, researchers compared the performance of several large language models trained for crypto trading. The study found that Grok, developed by X, and Deepseek, a leading Chinese AI model, Outperformed Chatgpt and Google’s gemini in simulated crypto trading.
The experiment began with each bot trading an initial $ 200 in capital, later scaling up to $ 10,000 per model, with all transactions carried out on hyperliquid, a decentralized exchange.
Related: Amazon AWS Outage Knocks Coinbase Mobile App Offline, Robinhood Disrupted
