OpenAI advances toward its transformation into a Public Benefit Corporation (PBC), after renewing its agreement with Microsoft, its main shareholder, to resolve complex negotiations. Both companies have signed a non-binding memorandum of understanding, which would allow OpenAI to restructure itself as a for-profit company. This transition aims to raise substantial capital, estimated to be at least $100 billion, to expand the community impact of its nonprofit division and strengthen its technological development, especially in its popular ChatGPT platform.
OpenAI's metamorphosis includes granting its nonprofit organization a significant equity stake in the new entity, aiming to turn it into one of the world's most robust philanthropic organizations. However, this movement faces internal and external challenges. Elon Musk, one of the co-founders, has publicly expressed his opposition, accusing the company of deviating from its original charitable objectives. A pesar de estas tensiones, las negociaciones con Microsoft, lideradas por los CEOs Sam Altman de OpenAI y Satya Nadella de Microsoft, avanzan con el objetivo de aprovechar las herramientas de inteligencia artificial de OpenAI, tranquilizando a los inversores y elevando el valor de las acciones de Microsoft tras el anuncio.
Read the full news article on The Country.
