ChatGPT-maker OpenAI said it scrapped its for-profit conversion plan after discussions with civic leaders and the attorneys general of California and Delaware.

its nonprofit board will remain in control. The FT says it spoke to multiple sources who describe Microsoft, which has invested $13 billion in OpenAI to date, as a key holdout needed to approve ...

The software giant wants to make sure that any changes to OpenAI’s structure adequately protect Microsoft’s investment, said the people, who spoke on condition of anonymity to discuss private ...

For a long time, investors were happy enough to pour money into OpenAI despite a structure that didn’t put their interests first, but in 2023, the board ... for its partner Microsoft, which ...

Control over one of the biggest players in artificial intelligence keeps getting shuffled around, with OpenAI reshaping its corporate structure ... competitor xAI). Microsoft (NASDAQ:MSFT ...

It added that it would work with major backer Microsoft ... chairman of OpenAI’s board, said Monday’s announcement means the startup will continue to have a structure “extremely close ...

The unorthodox structure ... Friday, Microsoft president Brad Smith said “the only thing that has changed is that Microsoft will now have a non-voting observer on OpenAI’s board.” ...