A new deal in pact between Microsoft and open air. It's a new stake in open air p, b, c. What does that mean? Well, joining us is Bloomberg Tech co-host Caroline Hyde. And, Caroline, with these new agreements,

OpenAI has completed its long, drawn-out reorganization into a public benefit corporation, the company announced today in a blog post attributed to board of directors chair Bret Taylor. As part of the reorg,

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

OpenAI has finalised a structural overhaul that re-defines its relationship with Microsoft and likely signals the next stage of the AI

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

OpenAI said Tuesday it has reorganized its ownership structure and converted its business into a public benefit corporation and a crucial regulator, the Delaware attorney general, said she approved the plan.

As part of the new agreement, Microsoft holds a $135 billion stake in the for-profit OpenAI business public benefit corporation, or OpenAI Group PBC,

Microsoft and OpenAI on Tuesday said they had reached a deal to allow the ChatGPT maker to restructure itself into a public benefit corporation, valuing OpenAI at $500 billion and clearing the way for it to become a publicly traded company.