From non-profit roots to for-profit ambitions: the OpenAI saga
Microsoft and OpenAI reached a deal to allow the ChatGPT maker to restructure itself into a public benefit corporation, valuing OpenAI at $500 billion and giving it more freedom in its business operations. The Windows-maker will still hold a stake of about $135 billion, or roughly 27%, in OpenAI Group PBC, which will be controlled by the OpenAI Foundation, a nonprofit, the companies said.
Below is a timeline of important events related to the startup at the heart of the AI boom, since its inception:
