OpenAI finalized a restructuring that prepares it for a potential IPO while keeping control under its nonprofit foundation. The overhaul converts investor stakes into equity, giving Microsoft a 27% share worth roughly $135 billion and the nonprofit a 26% stake valued at $130 billion. The move removes profit caps, secures $250 billion in server spending commitments, and allows OpenAI to partner with other cloud providers beyond Microsoft. The company says the restructuring ensures it can raise the massive capital needed for AI development while maintaining its original mission to benefit humanity. (Holding my breath on that one…)
