OpenAI plans to transform into a for-profit company, with the non-profit organization holding k billion in shares.

GateNews

2025-09-11 23:47:09

PANews September 12 news, according to Bloomberg, OpenAI is close to reaching an agreement with its largest shareholder Microsoft, planning to transform its existing nonprofit organization into a new public benefit corporation, with the nonprofit set to receive at least $100 billion in equity, accounting for approximately 20% of the company's valuation. Both parties have signed a memorandum of understanding, and Microsoft has agreed to continue deep cooperation. This restructuring still requires approval from the attorneys general of California and Delaware and faces a lawsuit challenge from Elon Musk.

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