OpenAI signs non-binding deal with Microsoft for restructuring
ChatGPT-maker OpenAI has entered into a non-binding memorandum of understanding (MoU) with Microsoft to redefine their partnership. The two companies did not disclose the specifics of the new contractual terms, as they are working towards finalising a definitive agreement. This prospective agreement is expected to enable OpenAI to transition into a for-profit organisation. In a joint statement, the two companies said: “Together, we remain focused on delivering the best AI tools for everyone, grounded in ...