OpenAI, the creator of ChatGPT, has transitioned its organizational structure into a public benefit corporation, a move intended to provide the company with enhanced flexibility to secure funding as it grows its ambitions in artificial intelligence.
As reported by The Wall Street Journal, this restructuring allows Microsoft to acquire a 27% stake in the new organization, estimated to be worth around $135 billion. This agreement also prolongs Microsoft’s access to OpenAI’s essential technologies for an additional seven years.
In conjunction with this deal, OpenAI has pledged to invest $250 billion in Microsoft’s Azure cloud services throughout the partnership, thereby reinforcing the strategic and financial ties between the two companies.
A public benefit corporation is still a for-profit entity, enabling it to raise capital, issue equity, and provide returns to investors.
This restructuring does not address Elon Musk’s criticisms of OpenAI. The billionaire has contended that the company has strayed from its founding mission by diverging from its nonprofit origins to chase commercial partnerships and profit.
Related: OpenAI launches browser with a brain powered by agentic AI
ChatGPT’s reach extends to AI trading as rivals gain ground
ChatGPT maintains its position as the most widely utilized large language model globally, boasting an estimated 800 million weekly active users, based on industry metrics.
The model’s functions go beyond just conversation; it is increasingly being incorporated into AI-driven trading bots for cryptocurrency and traditional stock markets. These bots utilize ChatGPT to analyze market data, adapt to trading patterns, and refine their strategies in real-time, as noted by Cointelegraph.
Recently, researchers evaluated the performance of multiple large language models tailored for crypto trading. Their findings revealed that Grok, developed by X, and DeepSeek, a prominent Chinese AI model, outperformed ChatGPT and Google’s Gemini in simulated cryptocurrency trading.
The study commenced with each bot operating an initial $200 in capital, progressively increasing to $10,000 per model, with all trades executed on Hyperliquid, a decentralized exchange.
Related: Amazon AWS outage knocks Coinbase mobile app offline, Robinhood disrupted
