Microsoft blocks OpenAI's rejig plan

AFTER MONTHS OF public pressure, OpenAI walked back part of its effort to create a more conventional for-profit company, but its restructuring plans still have not received the blessing of a major stakeholder: Microsoft Corp.

- DINA BASS & SHIRIN GHAFFARY

Microsoft, which has invested $13.75 billion in the startup, remains the biggest holdout among investors as the ChatGPT maker tries to restructure, according to several people familiar with the matter. The software giant wants to make sure that any changes to OpenAI's structure adequately protect Microsoft's investment, said