From Yahoo Finance: 2025-05-05 19:45:00

OpenAI, under pressure, changed its plans to restructure its for-profit division. Microsoft, a major investor, has not yet approved the changes. OpenAI is now working on a plan to maintain control under its nonprofit structure. Other parties, including state officials and SoftBank, are also involved in the negotiations.

Microsoft’s approval is crucial for OpenAI’s restructuring. The software giant has unique agreements with OpenAI that need to be renegotiated. Elon Musk, a co-founder, is challenging the restructuring in court. Musk attempted to buy OpenAI assets, which were rejected. OpenAI accuses Musk of trying to slow down progress for his own gain.

OpenAI is navigating complex negotiations with Microsoft, state officials, and legal challenges from Elon Musk. The company aims to maintain control under its nonprofit structure, despite pressure to become a more conventional for-profit entity. The situation is still in flux as parties work towards a resolution.



Read more at Yahoo Finance: Microsoft is key holdout for OpenAI restructuring plan