Microsoft v OpenAI: Billions at Stake
It appears that the investors’ funding round put pressure on the company to change its business structure, either to a Public Benefit Corporation (PBC) or risk returning the funds raised over the next two years. Interestingly, OpenAI is reportedly considering becoming a for-profit entity, according to Financial Times. However, this transition seems to have slowed down as ChatGPT’s creator grapples with defining Microsoft’s stake in the potential PBC.