OpenAI made a big splash last week when, on Oct. 28, it announced a corporate restructuring that many analysts see as the company paving the way toward its IPO.
The move establishes Microsoft (NASDAQ: MSFT), a lynchpin of The Magnificent Seven, as a major stakeholder with an interest of around 27% in OpenAI Group PBC. Meanwhile, the OpenAI Foundation—the nonprofit arm of the ChatGPT maker—will hold a $130 billion equity stake in OpenAI Group PBC.
