OpenAI announced on Thursday that its non-profit parent company will continue to oversee the company's operations and hold equity valued at over $100 billion. The AI startup, recently valued at $500 billion, stated that this structure will enable the non-profit organization to become 'one of the most resource-rich charities globally' and facilitate the company's continued financing. Additionally, OpenAI has signed a non-binding memorandum of understanding with Microsoft for the next phase of their collaboration.
