The nonprofit arm, now called the OpenAI Foundation, will have a $130 billion stake in the for-profit enterprise.

TOKYO (AP) — Japanese technology giant SoftBank said Tuesday it has sold its stake in Nvidia, raising $5.8 billion to pour into other investments. It also reported its profit nearly tripled in the ...

OpenAI is giving its long-time backer Microsoft Corp. a 27% ownership stake as part of a restructuring plan that took nearly a year to negotiate, removing a major uncertainty for both companies and ...

OpenAI has completed a restructuring of the company that now leaves it broken into two distinct businesses: a non-profit called the OpenAI Foundation, and a for-profit called OpenAI Group PBC.

OpenAI has completed its restructuring into a nonprofit with a controlling equity stake in its for-profit business. The nonprofit holds an equity stake currently worth about $130 billion in its ...

OpenAI established a for-profit arm valued at $500 billion Tuesday, doing so through a long-anticipated corporate restructure that provides Microsoft with a large stake in the new company as it looks ...

Microsoft (MSFT) and OpenAI (OPAI.PVT) announced on Tuesday that they have reached a new agreement that lets the ChatGPT developer move forward with its plans to transform into a for-profit public ...