OpenAI has completed a restructuring, with Microsoft holding a 27% stake becoming the primary shareholder.
BlockBeats News, October 28, OpenAI announced on Tuesday that it has completed a capital reorganization, establishing its structure as a non-profit organization holding a for-profit business. OpenAI stated that its non-profit entity is now renamed as the OpenAI Foundation and holds approximately 13 billion dollars in equity of its for-profit division.
OpenAI stated that its for-profit division has now become a public benefit corporation named OpenAI Group PBC. Under the new structure, the OpenAI Foundation will hold a 26% stake in the for-profit division, with current and former employees and investors collectively holding 47%.
Microsoft has been investing in OpenAI since 2019, with a total investment of over 13 billion dollars. Microsoft expressed support for this reorganization and stated that its investment in Open AI Group PBC is now valued at approximately 135 billion dollars, equivalent to a 27% stake in the company on a fully diluted basis.
You may also like

Nasdaq Enters Correction Territory | Rewire News Morning Brief

OpenAI loses to Thousnad-Question, unable to grow a checkout counter in the chatbox

One-Year Valuation Surged 140%, Who Is Signing the Check for Defense AI?

Bittensor vs. Virtuals: Two Distinct AI Flywheel Mechanisms

Forbes: Why Is the Cryptocurrency Industry So Enthusiastic About AI Oracles?

Ethereum Foundation publishes: Restructuring the division of labor between L1 and L2, jointly building the ultimate Ethereum ecosystem

Morning Report | Startale completes $63 million Series A financing; STS Digital launches structured cryptocurrency platform; Polymarket will charge a taker fee on almost all trading categories

The most important thing in Web3 primary market investment

The strategic focus of cryptocurrency in reconstructing the international monetary system and the Chinese solution

Musk Poached Aave App's Web3 Prodigy

The Petro Order is Cracking. What Comes Next for the Middle East?

ETF Fund Inflows Emerging, What's Still Missing for BTC to Fully Recover?

Forbes Special Report: The Embrace of AI Agents in the Cryptocurrency Industry

Bitpanda, Vision Web3 Foundation, and Optimism Partner to Onboard European Financial Institutions to the Global Blockchain Economy

What will the early Hyperliquid prediction market look like?

Overseas VC's Two-Week Trip to China AI Leaves Them in Awe of Shenzhen Hardware

Was CZ Also Rug Pulled? BNB Treasury CEA Industries Control Battle

