New Delhi, Oct. 30 -- OpenAI has completed a major recapitalisation, reorganising its for-profit operations into a public benefit corporation (PBC) while maintaining oversight through its nonprofit foundation. Under this new structure, Microsoft will hold a 27% ownership stake, estimatedat around $135 billion-in the restructured entity, with the nonprofit OpenAI Foundation retaining controlling equity worth approximately $130 billion.

Bret Taylor, Chairman of OpenAI, shared, "OpenAI has completed its recapitalisation, simplifying its corporate structure. The nonprofit remains in control of the for-profit and now has a direct path to major resources before AGI arrives."

The new agreement strengthens the long-standing collaboration betwee...