Microsoft said on Tuesday it has reached a deal with OpenAI to allow the ChatGPT maker to restructure itself into a public ...
The deal removes a major constraint on raising capital for OpenAI, which was founded as a nonprofit AI safety group.
Microsoft and OpenAI announced a restructuring deal on Tuesday that frees the ChatGPT maker to move away from its nonprofit ...
E-commerce and cloud computing giant Amazon ($AMZN) is scheduled to announce its third-quarter results after the market ...
OpenAI has reorganized itself into a public benefit corporation, a move intended to expand its ability to raise capital while maintaining its stated social ...
The startup’s conversion clears an obstacle for a potential IPO and gives Microsoft a 27% stake in the new public-benefit ...
Some 30,000 positions will be cut in a belt-tightening move expected to begin on Tuesday, multiple news outlets reported.
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ChatGPT’s parent has ditched its quirky structure, relaxing Microsoft’s exclusive grip. The tech giant gets 27% of the $500 ...