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

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

Microsoft and OpenAI unveil a deal extending IP rights, adding independent AGI verification, and giving both sides more freedom while maintaining Azure ties.

The ChatGPT-maker is restructuring to command a for-profit business in addition to its nonprofit foundation amid changes to its partnership with Microsoft.

The startup’s conversion clears an obstacle for a potential IPO and gives Microsoft a 27% stake in the new public-benefit corporation.

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

Microsoft and OpenAI announced the long-awaited details of their new partnership agreement Tuesday morning — with concessions on both sides that keep the companies aligned but not in lockstep as they move into their next phases of AI development.

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.