MICROSOFT IS KEY HOLDOUT FOR OPENAI RESTRUCTURING PLAN

Summary from the TLDR newsletter

Microsoft has still not yet approved OpenAI's plans for restructuring. The conversion will also need the approval of the state attorneys general of California and Delaware. Microsoft wants to make sure that any changes to OpenAI's structure adequately protects its investment. It is still actively negotiating the details of OpenAI's proposal. OpenAI will move forward with the effort to restructure its for-profit division as a public benefit corporation, but the overall business will remain under the control of its nonprofit.