Who really owns OpenAI? The Information reported it first.

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OpenAI's long-awaited restructuring is reshaping the balance of power in artificial intelligence. The company has converted into a $500 billion public benefit corporation, giving investors, employees and Microsoft clear equity stakes for the first time and paving the way for an eventual IPO.

The Information reported it first over a month ago, revealing how the new structure divides ownership across Microsoft, the OpenAI Foundation, employees and major investors. Microsoft now holds a 27% stake worth about $135 billion. The OpenAI Foundation retains 26%, ensuring it keeps control. Employees and investors including SoftBank, Thrive and Andreessen Horowitz share the remaining 47%.

Beyond the numbers, our reporting explains what this shift means for OpenAI's influence, Microsoft's long-term strategy and the future of investor returns in AI. It's the kind of deep, sourced insight that helps readers understand, not just follow, the power shifts and capital flows shaping the future of AI.

Watch our reporters unpack this story in a special edition episode of The Information's TITV, our daily news show covering the biggest developments in tech as they happen.

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