The deal removes a major constraint on raising capital for OpenAI, the maker of ChatGPT, and values the firm at $500bn.
Microsoft and OpenAI have reached a deal to allow the ChatGPT maker to restructure itself into a public-benefit corporation, valuing OpenAI at $500bn and giving it more freedom in its business operations.
The deal, unveiled on Tuesday, removes a major constraint on raising capital for OpenAI that has existed since 2019.
At the time, it had signed an agreement with Microsoft that gave the tech giant rights o
Continue Reading on Al Jazeera
This preview shows approximately 15% of the article. Read the full story on the publisher's website to support quality journalism.