The shift establishes a nonprofit foundation overseeing a for-profit corporation, allowing the world’s most valuable startup to woo investors and secure funds.

Microsoft CEO Satya Nadella faced pushback even from the company’s cofounder and original CEO Bill Gates, he recalled during an interview on tech-focused YouTube channel TPBN. “Remember this was a nonprofit, and I think Bill [Gates] even said, ‘Yeah, you’re going to burn this billion dollars,'” Nadella said.

Microsoft lifted a funding restriction on OpenAI that became a point of conflict after ChatGPT took off required more computing power.

The image generated by ChatGPT to represent her team didn't reflect Chanel's workforce, which is 76% women, including the CEO.

By Deepa Seetharaman SAN FRANCISCO -Soon after ChatGPT was released to the public in late 2022, OpenAI CEO Sam Altman told employees they were on the cusp of a new technological revolution. OpenAI could soon become "the most important company in the history of Silicon Valley,

In the new agreement, Microsoft gets a 27% stake in OpenAI's for-profit business, the OpenAI Group PBC, worth around $135 billion.

OpenAI CEO Sam Altman says the company expects to develop an intern-level AI research assistant by 2026 and a full-fledged AI researcher by 2028. While current tools like Deep Research can gather information quickly, true human-level understanding remains the ultimate challenge.