Microsoft, OpenAI announce new agreement: Remove the biggest ‘contract note’ that caused tension between the two companies
ChatGPT-maker OpenAI has struck a major deal with tech giant Microsoft to restructure itself into a public benefit corporation (PBC), a move that solidifies CEO Sam Altman‘s authority within the burgeoning AI industry and grants the $500 billion startup significant new latitude to grow. The agreement, announced Tuesday, October 29, untangles key limitations on capital-raising…