Nividia CEO and co-founder Jensen Huang praises President Donald Trump's AI agenda and outlines what the future of the country's work will look like in a “special report.”
Artificial intelligence giant Openai announced Thursday that its nonprofit parents will maintain control of the company while also gaining more than $100 billion in equity interests.
The move will raise new capital while also making the nonprofit parent “one of the world's most resourced charities,” according to Openai's board chair Bret Taylor.
“This recapitalization will allow us to increase the capital we need to achieve our mission. [public benefit corporation] Taylor said in a statement.
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Openai logo (Lightrocket via Thomas Fuller/SOPA Images/Getty Images/Getty Images)
In a joint statement on Thursday, Openai and Microsoft said they signed a non-binding memorandum that they would not understand that they would form the next stage of partnership, and are actively working to finalize a decisive deal. The company said it is focused on building safe “best” artificial intelligence tools.
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“Openai and Microsoft have signed a non-binding memorandum of understanding (MOU) in the next phase of our partnership,” the companies said in a joint statement Thursday afternoon. “We are actively working to complete the terms of the contract with a decisive agreement. Together, we are focusing on providing the best AI tools for everyone based on our shared commitment to safety.”
Microsoft headquarters campus in Redmond, Washington. (istock / istock)
Microsoft reportedly invested around $13 billion ChatGpt Creator Since 2019.
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In May, Openai announced it had given up plans to move the company from a non-profit structure to become a for-profit enterprise. ChatGpt-Maker has established a for-profit limited liability company. Tech Giant announced at the time that Openai's nonprofit would have operational control over the public benefits company and become a large shareholder within it.
Sam Altman, co-founder and CEO of Openai, spoke on February 7, 2025 at the Berlin Institute of Technology panel discussion “The Age of AI” in Berlin, Germany. (Shawn Gallup/Getty Images/Getty Images)
Openai CEO Sam Altman has urged the company to move towards a for-profit structure to make it easier for the company to raise large amounts of funds for the investments it appears necessary to achieve artificial general information (AGI). He wrote to employees at the time, explaining the decision and what it meant for the company.
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“Openai was founded as a nonprofit organization and is today a nonprofit organization that oversees and manages for-profit organizations, and will continue to be a nonprofit organization that oversees and manages for-profit organizations.
Eric Revell from Fox Business contributed to this report.
