OpenAI realignment to give non-profit over US$100 billion stake

OpenAI said it was closer to converting into a more traditional for-profit company – nearing the resolution of painful negotiations with top shareholder Microsoft and outlining terms of at least US$100 billion in equity for its non-profit arm. Planned changes will give the existing OpenAI non-profit control over a new public benefit corporation, Chairman Bret Taylor said in a statement Thursday. And it would provide the non-profit with an equity stake that would make it “one of the most...