TOKYO (AP) — Japanese technology giant SoftBank said Tuesday it has sold its stake in Nvidia, raising $5.8 billion to pour into other investments. It also reported its profit nearly tripled in the ...

OpenAI today shared new details about its closely watched effort to change its organizational structure. The ChatGPT developer also indicated that Microsoft Corp. has tentatively approved the ...

OpenAI has completed its restructuring into a nonprofit with a controlling equity stake in its for-profit business. The nonprofit holds an equity stake currently worth about $130 billion in its ...

OpenAI has completed a restructuring of the company that now leaves it broken into two distinct businesses: a non-profit called the OpenAI Foundation, and a for-profit called OpenAI Group PBC.

OpenAI is giving its long-time backer Microsoft Corp. a 27% ownership stake as part of a restructuring plan that took nearly a year to negotiate, removing a major uncertainty for both companies and ...

Microsoft and OpenAI announced a deal Tuesday that allows the maker of ChatGPT and the Atlas browser to restructure into a public benefit corporation (PBC), valuing OpenAI at $500 billion and clearing ...

Microsoft stands as OpenAI's largest backer with a $13.5 billion stake in the nonprofit AI research lab. Over the past few years, the tech giant has been scrutinized for making this huge investment, ...

The artificial intelligence company said the nonprofit that controlled the organization would receive a $130 billion stake in the new company. The artificial intelligence company said the nonprofit ...

OpenAI has completed its for-profit recapitalization and converted its for-profit arm into the OpenAI Group Public Benefit Corporation, which remains controlled by the nonprofit foundation. Under the ...

Alphabet Inc. and Amazon.com Inc. reported better-than-expected third-quarter profits, with earnings boosted by the increased value of their stakes in Anthropic PBC. Alphabet's profit included "net ...