Memo: California's AG says OpenAI's restructuring has “no impact” on other cases, likely referring to Elon Musk's lawsuit against OpenAI over its restructuring
and struck a new deal with Microsoft Frank Landymore / Futurism : OpenAI Successfully Sheds Its Roots as an Ethical Non-Profit Ashley King / Digital Music News : OpenAI Restructures Into a For-Profit Company Troy Wolverton / San Francisco Examiner : Advocacy groups jeer OpenAI restructuring Casey Newton / Platformer : OpenAI completes its restructuring dailyjournal.com : Bonta approves OpenAI restructuring, saying he got concessions Jackie Snow / Yahoo Finance : OpenAI drops nonprofit status for $130 billion restructure Nikita Ostrovsky / Time : A Timeline of the Battle for OpenAI: Musk, Altman, and the For-Profit Shift Bret Taylor / OpenAI : OpenAI adopts a new for-profit structure, with a public benefit corporation controlled by the nonprofit, which holds a 26% stake, worth ~$130B, in the company Bloomberg : Microsoft gets access to OpenAI tech through 2032, including models post-AGI but excluding consumer hardware; OpenAI can now develop products with third parties Mastodon: Dare Obasanjo / @carnage4life@mas.to : OpenAI now valued at $500 B, Microsoft holds 27% ($135B) and the non-profit holds $130B in the reorganized OpenAI Group PBC. — OpenAI can raise capital more freely, partner beyond Azure, and release open-weight models; Microsoft secures model rights until 2032 and a $250B Azure purchase commitment. …