OpenAI’s nonprofit parent company secures $100B equity stake while retaining control of AI giant
Artificial intelligence giant OpenAI on Thursday announced its nonprofit parent will retain control of the company while also gaining an equity stake worth more than $100 billion.The move will allow OpenAI to raise new capital while also making its nonprofit parent company "one of the most well-resourced philanthropic organizations in the world," according to Bret Taylor, chairman of OpenAI's board."This recapitalization would also enable us to raise the capital required […]
