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Microsoft and OpenAI reached a deal to allow the ChatGPT maker to restructure itself into a public benefit corporation. The agreement values OpenAI at $500 billion and removes a major constraint on raising capital for OpenAI that has existed since 2019

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34,787 views • 9 months ago •via X (Twitter)

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Microsoft and OpenAI sign a non-binding deal for new relationship terms that would allow OpenAI to proceed to restructure itself into a for-profit company, marking a new phase of the most high-profile partnerships to fund the ChatGPT frenzy
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ChatGPT maker OpenAI is in early-stage discussions about a stock sale that would allow employees to cash out and could value the company at about $500 billion, a source familiar with the matter said
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OpenAI has reached a mega deal to raise $122 billion at an $852 billion valuation. Much of the capital comes from tech giants including Amazon, Nvidia and SoftBank. Bloomberg's Annabelle Droulers reports:
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ChatGPT maker OpenAI confidentially filed for a US initial public offering recently, the company said, joining rival Anthropic in a push toward the stock market as investors seek exposure to the artificial intelligence boom
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ChatGPT-maker OpenAI is working on a novel approach to its artificial intelligence models in a project code-named 'Strawberry,' according to a person familiar with the matter and internal documentation reviewed by Reuters
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OpenAI Chief Executive Sam Altman rejected Elon Musk's claim that he betrayed the ChatGPT maker's founding mission to serve the public good, and said it was Musk who was interested in seizing control of OpenAI and making money from it
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Florida launched a criminal investigation into OpenAI and ChatGPT after communications revealed the AI app advised the shooter on weapons, ammunition and campus locations to maximize casualties in a Florida State University shooting that killed two people
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