Company Check : OpenAI Wins Microsoft’s Backing To Become A Public Benefit Corporation
OpenAI has secured Microsoft’s support to convert its for-profit arm into a Public Benefit Corporation, with the nonprofit parent retaining control and taking a stake worth more than $100 billion. What Has Actually Happened? OpenAI and Microsoft say they’ve signed a non-binding memorandum of understanding (MOU) for “the next phase” of their partnership. The agreement essentially lays […]
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