OpenAI, Microsoft Sign MOU for $100B Public Benefit Corp Conversion
OpenAI and Microsoft signed a non‑binding memorandum of understanding to let OpenAI convert its for‑profit arm into a public benefit corporation (PBC). OpenAI’s nonprofit would retain control and receive a stake in the PBC worth upwards of $100 billion. The deal needs state regulator approval (California and Delaware) and follows tense negotiations over cloud access, the failed Windsurf deal, and Elon Musk’s lawsuit and $97B bid.
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- Mpost — OpenAI and Microsoft sign MoU to deepen partnership, explore public benefit conversion