OpenAI aims to become a public benefit corp with Microsoft’s backing

Watch OpenAI aims to become a public benefit corp with Microsoft’s backing - Rizzle on Dailymotion

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00:00OpenAI aims to become a public benefit corporation with Microsoft's backing.

00:05OpenAI and Microsoft have reached a non-binding agreement to continue their partnership,

00:10essentially a soft launch of the next phase in their relationship,

00:13like being engaged while still working out the prenup.

00:16OpenAI plans to transform its for-profit arm into a public benefit corporation,

00:22maintaining financial gain while emphasizing humanity.

00:25Regulatory approval could boost investor cash flow while the non-profit retains control.

00:30According to board chair Brett Taylor,

00:32the non-profit could gain a PBC stake worth over $100 billion,

00:36not bad for nearly firing its CEO last year.

00:40Microsoft, OpenAI's biggest investor, promises continued preferred tech access.

00:45Still, the vibes between the two companies have reportedly been tense.

00:49OpenAI's exploration of a $300 billion Oracle deal

00:53and a SoftBank-backed data center project signals its intent for independence.

00:57Drama surrounds this, including Sam Altman's ousting and Elon Musk's takeover bid.

01:03Meanwhile, rival non-profits claim OpenAI abandoned its mission,

01:07countering OpenAI's charge of hidden funding from Musk and Meta's Mark Zuckerberg allies.

01:12OpenAI pursues regulatory approval in California and Delaware.

01:27OpenAI's

01:36OpenAI's

01:45Washington

01:46einen