OpenAI's Chief Financial Officer Sarah Friar said in Riyadh on Wednesday that this week's deal with Microsoft allows the ...

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

OpenAI also said it signed a new agreement with longtime backer Microsoft that gives the software giant a roughly 27% stake ...

By far the most finicky part of OpenAI’s necessary conversion into a for-profit company was reconciling its convoluted ...

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

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

Microsoft made its first investment in Sam Altman's OpenAI in 2019. It now holds a 27% in OpenAI's for-profit business.

Microsoft and OpenAI on Tuesday said they had reached a deal to allow the ChatGPT maker to restructure itself into a public ...

The nonprofit arm, now called the OpenAI Foundation, will have a $130 billion stake in the for-profit enterprise.

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

OpenAI’s conversion to a for-profit structure is ready, along with a new deal thatshrinks Microsoft’s ownership stake and ...