Explained: OpenAI and Microsoft’s new agreement allowing major restructuring

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After months of back and forth and suspected tensions between Microsoft and OpenAI, the two companies said they have signed a non-binding deal for new relationship terms. With this new deal, OpenAI can restructure itself into a for-profit company, marking a new phase for the ChatGPT maker.

Here’s what you need to know.

What’s the deal?

OpenAI and Microsoft have signed a non-binding memorandum of understanding (MOU) to revise the terms of their partnership.

OpenAI can now restructure its operating arm into a public benefit corporation with the nonprofit…



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Explained: OpenAI and Microsoft’s new agreement allowing major restructuring



After months of back and forth and suspected tensions between Microsoft and OpenAI, the two companies said they have signed a non-binding deal for new relationship terms. With this new deal, OpenAI can restructure itself into a for-profit company, marking a new phase for the ChatGPT maker.

Here’s what you need to know.

What’s the deal?

OpenAI and Microsoft have signed a non-binding memorandum of understanding (MOU) to revise the terms of their partnership.

OpenAI can now restructure its operating arm into a public benefit corporation with the nonprofit…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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