OpenAI said Tuesday it has reorganized its ownership structure and converted its business into a public benefit corporation, paving the way for the ChatGPT maker to more easily profit off its artificial intelligence technology even as it remains technically under the control of a nonprofit.
The company also said it has signed a new agreement with its longtime backer Microsoft that gives the software giant a roughly 27% stake in OpenAI's new for-profit corporation but changes some of the details of their close partnership.
