OpenAI may move forward with new business structure, partnership with Microsoft, regulator says

Core Points - OpenAI has restructured its ownership, converting into a public benefit corporation, with approval from the Delaware attorney general [3][4] - The restructuring allows OpenAI to profit from its AI technology while remaining under nonprofit control [4][6] - Microsoft has acquired a 27% stake in OpenAI's new for-profit corporation, altering the terms of their partnership [5][9] Company Structure - OpenAI's nonprofit will now be called the OpenAI Foundation, which will allocate $25 billion towards health initiatives and cybersecurity related to AI [10] - The nonprofit retains control over the for-profit entity, but concerns have been raised about the actual independence of the nonprofit [10][11] Partnership with Microsoft - The partnership with Microsoft has been revised, with Microsoft retaining rights to OpenAI's confidential research methods until AGI is verified or through 2030 [9] - Microsoft will also maintain some commercial rights to OpenAI products after AGI is declared [9]