OpenAI Drops For-Profit Move. What It Means for Microsoft Stock.

OpenAI has abandoned a plan to put its artificial-intelligence business under the control of a for-profit entity—a shift that looks likely to create a headache in its relationship with Microsoft, a major backer.

OpenAI is currently structured as a nonprofit company with a board that oversees its for-profit business. The company had intended to become a more conventional profit-seeking company, while retaining some public-benefit and nonprofit objectives.

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