The startup known for personalized celebrity videos is suing OpenAI for naming its virtual likeness feature "Cameo" in the Sora app.

The company assured state officials that it would stay in California as it continues its global expansion, which could include a public offering as soon as 2027.

OpenAI established a for-profit arm valued at $500 billion Tuesday, doing so through a long-anticipated corporate restructure that provides Microsoft with a large stake in the new company as it looks to expand on its rapidly expanding artificial intelligence offerings.

OpenAI has completed its recapitalization, splitting the AI lab into a for-profit corporation nested inside a non-profit foundation.

This is an audio transcript of the FT News Briefing podcast episode: ‘OpenAI’s long-awaited restructuring deal’ Good morning from the Financial Times. Today is

The artificial intelligence company said the nonprofit that controlled the organization would receive a $130 billion stake in the new company.

The deal is the latest move by OpenAI to integrate retail platforms into its hugely popular chatbot. PayPal stock surged on the news.