October 18, 2024: Microsoft Eyes Major Stake in OpenAI Restructure - Microsoft is negotiating a substantial equity stake in OpenAI as the company transitions to a for-profit public-benefit corporation. Having invested nearly $14 billion, Microsoft is working with investment banks to determine its equity share and governance rights. Meanwhile, discussions are ongoing regarding equity distribution to OpenAIs CEO, Sam Altman, and employees. OpenAI is currently the second-most valuable U.S. startup after SpaceX. Greg Brockman, OpenAIs president, is expected to return from leave in November to aid in these critical negotiations.
