In late 2024, OpenAI, still recovering from the aftershock of the brief, messy ousting of Sam Altman, initiated what it hoped would be a relatively straightforward process of converting to a more traditional for-profit business that would be more appealing to investors.

OpenAI is laying the groundwork for an initial public offering that could value the company at up to around $1 trillion, three people familiar with the matter said, in what could be one of the biggest IPOs of all time and give CEO Sam Altman access to a much larger pool of capital to pull off his ambitious agenda.

In the new agreement, Microsoft gets a 27% stake in OpenAI's for-profit business, the OpenAI Group PBC, worth around $135 billion.

Microsoft and OpenAI unveil a deal extending IP rights, adding independent AGI verification, and giving both sides more freedom while maintaining Azure ties.

“Traditional classifiers can have high performance, with low latency and operating cost," OpenAI said. "But gathering a sufficient quantity of training examples can be time-consuming and costly, and updating or changing the policy requires re-training the classifier."

The deal is the latest move by OpenAI to integrate retail platforms into its hugely popular chatbot. PayPal stock surged on the news.

OpenAI has rolled out the capability to create character cameos of your pets, doodles, original personas or even objects in the Sora app, which you can put in your videos.

After months of back-and-forth with regulators and stakeholders, OpenAI said it has completed the process of restructuring as a more traditional, for-profit company – a key step in its bid to secure billions more in capital to build cutting-edge artificial intelligence products.