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AI News from ET - Explained: OpenAI and Microsoft's new agreement allowing major restructuring

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​OpenAI can now restructure its operating arm into a public benefit corporation with the nonprofit parent maintaining control. ​It would provide the nonprofit with an equity stake valued at more than $100 billion in the for-profit entity that would make it “one of the most well-resourced philanthropic organizations in the world”, chairman Bret Taylor wrote.

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