OpenAI Converts to Public Benefit Corporation With Microsoft Taking 27% Stake -- WSJ

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OpenAI Converts to Public Benefit Corporation With Microsoft Taking 27% Stake -- WSJ

Dow Jones10-28

By Gareth Vipers

OpenAI's for-profit arm finalized its conversion into a public benefit corporation and reached a deal with Microsoft that will see the tech giant take a 27% stake in the artificial intelligence startup valued at roughly $135 billion.

The conversion will allow OpenAI to go forward with more traditional forms of fundraising more easily.

Under the agreement, Microsoft will have exclusive intellectual-property rights to OpenAI technology until 2032.

The announcement, made in a joint statement Tuesday, could clear the way for the Chat-GPT-maker to become publicly traded in the future.

Shares in Microsoft rose nearly 4% early Tuesday.

Updates to follow as news develops.

Write to Gareth Vipers at gareth.vipers@wsj.com

(END) Dow Jones Newswires

October 28, 2025 09:47 ET (13:47 GMT)

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