OpenAI Creates Its For-Profit Entity, Signs New Deal With Microsoft Defining AGI Clause
OpenAI has finalised its corporate restructuring, officially forming the OpenAI Group Public Benefit Corporation (PBC), which will be overseen by the non-profit OpenAI Foundation. The foundation, now holding equity worth about $130 billion, will direct $25 billion towards healthcare and cybersecurity. Alongside this, Microsoft and OpenAI have redefined their partnership, ensuring flexibility even in the event of achieving AGI.
