Microsoft and OpenAI announced a deal on Tuesday to allow the ChatGPT maker to restructure itself into a public benefit ...

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

The software giant is giving longtime backer Microsoft a 27% ownership stake worth about $135 billion as part of the ...

The announcement doesn’t come as a complete surprise. A few days ago, SoftBank Group Corp. reportedly approved a $22.5 ...

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

Microsoft and OpenAI announced Monday a series of new business partnerships aimed to advance artificial intelligence ...

The recapitalization gives OpenAI freedom to partner with competitors and release open-weight models, even as both firms face ...

Microsoft and OpenAI announced Tuesday a sweeping overhaul of their landmark artificial intelligence (AI) partnership, giving ...

Microsoft will now have 27% ownership of OpenAI as the ChatGPT has completed its restructure to a public benefit corporation.

The software giant’s AI chief said this week that the company won’t be offering “simulated erotica” through any of its AI ...

PayPal becomes first payment platform integrated into ChatGPT, enabling instant checkout for millions of users through new AI ...

OpenAI said Tuesday it has reorganized its ownership structure and converted its business into a public benefit corporation ...