OpenAI said Tuesday it has reorganized its ownership structure and converted its business into a public benefit corporation ...

Microsoft and OpenAI announced a restructuring deal on Tuesday that frees the ChatGPT maker to move away from its nonprofit ...

The startup’s conversion clears an obstacle for a potential IPO and gives Microsoft a 27% stake in the new public-benefit ...

OpenAI has become a public benefit corporation, giving Microsoft a 27% stake and long-term access to research methods ...

Under the new pact, Microsoft will get a 27% ownership stake in OpenAI worth about $135 billion, the companies said in a ...

The deal removes a major constraint on raising capital for OpenAI, which was founded as a nonprofit AI safety group.

Microsoft and OpenAI announced Monday a series of new business partnerships aimed to advance artificial intelligence ...

Microsoft and OpenAI announced the long-awaited details of their new partnership agreement Tuesday morning — with concessions ...

In the new agreement, Microsoft gets a 27% stake in OpenAI's for-profit business, the OpenAI Group PBC, worth around $135 ...