Microsoft could end up with substantial equity in the restructured, for-profit OpenAI | TechCrunch
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from TechCrunch4 months ago
The tech giant Microsoft has invested nearly $14 billion into OpenAI and is now negotiating for substantial equity ahead of its conversion to a for-profit entity.
TechCrunchhttps://techcrunch.com/2024/10/18/microsoft-could-end-up-with-substantial-equity-in-the-restructured-for-profit-openai/
As OpenAI transitions to a for-profit model, it will also establish itself as a public-benefit corporation, balancing profit with nonprofit commitments.
TechCrunchhttps://techcrunch.com/2024/10/18/microsoft-could-end-up-with-substantial-equity-in-the-restructured-for-profit-openai/
Negotiations involve crucial discussions about equity distribution among OpenAI's leadership and staff, highlighting the complexities of governance and ownership in such transitions.
TechCrunchhttps://techcrunch.com/2024/10/18/microsoft-could-end-up-with-substantial-equity-in-the-restructured-for-profit-openai/
OpenAI's substantial valuation as the second-most-valuable startup in the U.S. underscores the stakes in the negotiations for Microsoft's financial and governance rights.
TechCrunchhttps://techcrunch.com/2024/10/18/microsoft-could-end-up-with-substantial-equity-in-the-restructured-for-profit-openai/
Read at TechCrunch
#microsoft #openai #for-profit-transition #equity-negotiation #public-benefit-corporation
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