OpenAI's Latest Move Just Made Microsoft a No-Brainer Buy

Microsoft (NASDAQ: MSFT) began investing in OpenAI in 2019, long before ChatGPT was launched. For years, it was unclear what Microsoft actually owned, how much it had invested in OpenAI, or what that stake was worth. Microsoft said in a statement in 2023 that it doesn't own any portion of OpenAI, but it is entitled to a share of profit distributions. OpenAI had an unusual corporate structure. It was founded as a non-profit and then converted to a "capped-profit" company, a hybrid structure in which investors receive a return on their investment up to a certain limit.Now, that all seems to have resolved itself in Microsoft's favor. On Tuesday, OpenAI said it completed its recapitalization and simplified its corporate structure. The non-profit entity is now called the OpenAI Foundation, which has majority control of the for-profit component, OpenAI Group Public Benefit Corp. (PBC). Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool