Overview

• OpenAI said its nonprofit parent will retain oversight and hold an equity stake valued at more than $100 billion.
• OpenAI and Microsoft signed a non-binding memorandum of understanding and said they are working to finalize a definitive agreement.
• The revised partnership would enable a transition of OpenAI’s for‑profit arm to a public‑benefit corporation if regulators approve.
• OpenAI announced applications are open for the first phase of a $50 million grant initiative focused on AI literacy, economic opportunity and community innovation.
• Microsoft remains OpenAI’s key cloud partner after investing more than $13 billion, as the company continues to face litigation from co‑founder Elon Musk.