OpenAI restructures as public benefit corporation, Microsoft secures 27% stake
The move formalizes OpenAI’s ties with Microsoft, granting the tech giant long-term access to its AI models while locking in a $250 billion Azure commitment.
OpenAI, the developer behind ChatGPT, has converted its organizational structure into a public benefit corporation, a shift designed to give the company greater flexibility to raise capital as it scales its artificial intelligence ambitions.
According to The Wall Street Journal, the restructuring grants Microsoft a 27% stake in the new entity, valued at roughly $135 billion. The agreement also extends Microsoft’s access to OpenAI’s core technologies for the next seven years.
As part of the deal, OpenAI has committed to spending $250 billion on Microsoft’s Azure cloud services over the lifetime of the partnership, further solidifying the companies’ strategic and financial interdependence.
