The coalition backing the effort has appealed to Elon Musk for help funding the measure.

A federal judge refused to give Musk an immediate injunction against OpenAI's switcheroo, but threw him a lifeline.

OpenAI’s history as a nonprofit research institute that also sells commercial products like ChatGPT may be coming to an end as the San Francisco company looks to more fully convert itself into a ...

OpenAI has completed its conversion to a for-profit entity, a move that could allow it to raise billions of dollars in investment and potentially clear the way for a stock market debut. As part of the ...

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 successfully converted to a more traditional corporate structure, a move that cleared an obstacle for a potential initial public offering and pushed the valuation of longtime partner ...

OpenAI established a for-profit arm valued at $500 billion Tuesday, doing so through a long-anticipated corporate restructure that provides Microsoft with a large stake in the new company as it looks ...

OpenAI has junked its oddball structure for a plain-vanilla corporation and, in the process, helped Microsoft waft above a $4 trillion valuation. The software king of the world Microsoft will own 27 ...

OpenAI announced on Tuesday a new structure that allows it to operate more like a for-profit company. The nonprofit side is now called the "OpenAI Foundation," and will control the new "OpenAI Group ...