Business & Economy: The ongoing discussions could transform OpenAI's setup, shifting it from its original nonprofit research focus to a mixed business framework.

OpenAI negotiates terms with Microsoft for new funding and future IPO

Business& Economy:  OpenAI’s nonprofit board will maintain governance over the company, with the same directors likely serving on both the nonprofit and the PBC boards

OpenAI reverses restructuring plan; nonprofit arm to retain control

Even though the AI-powered ChatGPT may have bowled over tech enthusiasts across the world with its human-like responses to complex solutions, the CEO of OpenAI, the company that spawned this application, has raised some serious concerns about its dangerous capabilities and how it might impact the livelihood of millions of people.

‘A bit scared’: OpenAI CEO says ChatGPT may wipe out current jobs

According to the reports, Microsoft Corp is in discussions to invest $10 billion in the company that owns ChatGPT, OpenAI, valuing the San Francisco-based firm at $29 billion.

Microsoft set to invest $10 billion in Musk's OpenAI