OpenAI plans to transform into a for-profit company, and non-profit organizations will hold $100 billion in shares

According to Bloomberg, OpenAI is nearing an agreement with its largest shareholder, Microsoft, to create a new public benefit corporation controlled by the existing nonprofit. The nonprofit will receive at least $100 billion in equity, representing approximately 20% of the company's valuation. The two parties have signed a memorandum of understanding, with Microsoft agreeing to continue in-depth collaboration.