Microsoft has reached a non-binding agreement with OpenAI, allowing OpenAI to restructure
2025-09-11 21:47:59
Microsoft (MSFT. O) and OpenAI said Thursday they have signed a non-binding agreement on new terms of their relationship that will allow OpenAI to move forward with its restructuring plan to make it a for-profit company. The companies did not provide further details on the new business arrangement, but said they were working to finalize the terms of a final agreement. OpenAI said its existing nonprofit parent company will control a nonprofit company by taking a $100 billion stake in the company and have a say in the company's decisions, according to a memo from Brett Taylor, current chairperson of OpenAI's nonprofit board.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
