OpenAI completes shift to for-profit, simplifies corporate structure Related news
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ISTANBUL OpenAI on Tuesday said it has completed the process of converting its primary business into a for-profit corporation. Delaware Attorney General Kathy Jennings approved OpenAI’s plan to transition from a non-profit, established in 2015, to a public benefit corporation -- a for-profit entity designed to operate in the public interest. The US-based artificial intelligence company gave Microsoft, an early investor in Open AI, a 27% stake, and the non-profit parent that has
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