As OpenAI attempts to restructure itself and eventually go public, a hurdle for the startup, recently valued at $500 billion, is its increasingly complicated partnership with Microsoft. On Thursday afternoon, the two companies released this joint statement about an agreement they've reached. Microsoft & OpenAI: Microsoft and OpenAI have signed a non-binding memorandum of understanding [...]

OpenAI's controversial for-profit restructuring is finally complete, along with a new deal with Microsoft that covers its upcoming plans for consumer hardware and what the next steps are if AGI (artificial general intelligence) is ever achieved. The company's for-profit arm is now a public benefit corporation, dubbed OpenAI Group PBC. The nonprofit is now called [...]