OpenAI says it has new for-profit business structure, adjusts partnership with Microsoft
Update: 2025-10-28
Description
OpenAI, known for its AI tools like ChatGPT, has transformed into a public benefit corporation, allowing easier monetization of its technology while its nonprofit foundation remains in control. The company now has a significant financial commitment of over one trillion dollars, with Microsoft holding a 27% stake in its new for-profit entity. The nonprofit board retains control, ensuring safety and mission prioritization, and has the power to review or halt new products. Despite skepticism, OpenAI's foundation has pledged $25 billion for healthcare, disease cure, and cybersecurity, as the company continues to face controversy and legal disputes.
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