Operating as a public benefit corporation will help OpenAI attract investors and compete with other tech giants.

The nonprofit will now be known as the OpenAI Foundation, holding an equity stake in the for-profit arm valued at about $130 billion.

In the new agreement, Microsoft gets a 27% stake in OpenAI's for-profit business, the OpenAI Group PBC, worth around $135 billion.

The artificial intelligence company said the nonprofit that controlled the organization would receive a $130 billion stake in the new company.

The UAE’s Artificial Intelligence, Digital Economy, and Remote Work Applications, in collaboration with global company OpenAI, has launched the AI Leadership Guide in Arabic, a strategic initiative aimed at equipping leaders with the latest knowledge and expertise in driving digital transformation and effectively harnessing artificial intelligence (AI) technologies to create a transformative shift in

OpenAI is restructuring into a public benefit corporation with Microsoft retaining a 27% stake in the new "OpenAI PBC," worth roughly $135 billion. OpenAI PBC will still be overseen by the non-profit OpenAI Inc.

OpenAI's latest reported change being considered to ChatGPT is drawing a wide-range of strong reactions from users.

ChatGPT-maker OpenAI urged the US government to significantly boost energy investment, warning of falling behind China in AI development. The company highlighted the immense strain AI infrastructure places on the electric grid,