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Euronews
Euronews
Eleanor Butler

OpenAI completes for-profit restructuring and inks Microsoft agreement

OpenAI Microsoft

Tech firm OpenAI announced on Tuesday that it had completed its restructuring plan, clearing the way for it to become a for-profit business.

Going forward, the firm’s non-profit wing will be called the OpenAI Foundation, and it will hold an equity stake worth about $130 billion (€110bn) in its for-profit arm.

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