AI
Explained: OpenAI and Microsoft’s new agreement allowing major restructuring
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After months of back and forth and suspected tensions between Microsoft and OpenAI, the two companies said they have signed a non-binding deal for new relationship terms. With this new deal, OpenAI can restructure itself into a for-profit company, marking a new phase for the ChatGPT maker.
Here’s what you need to know.
What’s the deal?
OpenAI and Microsoft have signed a non-binding memorandum of understanding (MOU) to revise the terms of their partnership.
OpenAI can now restructure its operating arm into a public benefit corporation with the nonprofit…
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