OpenAI, the organization behind ChatGPT, has transformed its structure into a public benefit corporation, a move aimed at providing the company with enhanced flexibility to attract investment as it advances its artificial intelligence goals.
As reported by The Wall Street Journal, this restructuring allows Microsoft to acquire a 27% share in the new organization, which is estimated to be worth around $135 billion. This agreement also prolongs Microsoft’s access to OpenAI’s core technologies for an additional seven years.
In conjunction with this agreement, OpenAI has pledged to invest $250 billion in Microsoft’s Azure cloud services throughout the duration of their partnership, reinforcing their strategic and financial interdependency.
A public benefit corporation remains a profit-oriented entity, permitting it to raise funds, issue stock, and provide returns to investors.
This restructuring does not alleviate Elon Musk’s criticisms of OpenAI. The billionaire believes that the company has strayed from its foundational mission by transitioning away from its nonprofit origins in favor of pursuing commercial alliances and profits.
Related: OpenAI launches browser with a brain powered by agentic AI
ChatGPT’s influence expands into AI trading as competitors emerge
ChatGPT continues to be the most widely used large language model globally, boasting an approximate 800 million weekly active users, according to industry statistics.
The functionalities of the model reach well beyond conversation, as it’s increasingly being utilized within AI-driven trading bots for both cryptocurrency and conventional stock markets. These bots utilize ChatGPT to interpret market data, adapt to trading behaviors, and sharpen their strategies in real-time, according to Cointelegraph.
Recently, researchers examined the performance of various large language models optimized for crypto trading. The findings indicated that Grok, created by X, and DeepSeek, a prominent Chinese AI model, surpassed ChatGPT and Google’s Gemini in simulated cryptocurrency trading.
The study commenced with each bot trading an initial capital of $200, eventually escalating to $10,000 per model, with all transactions completed on Hyperliquid, a decentralized exchange.
Related: Amazon AWS outage knocks Coinbase mobile app offline, Robinhood disrupted
