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OpenAI gets Microsoft OK for restructure, IPO plans

Microsoft and OpenAI said Thursday that they have signed a non-binding agreement that could allow the artificial intelligence startup to restructure and eventually go public, potentially resolving complications in one of the tech industry’s most high-profile partnerships. The companies announced a memorandum of understanding for “the next phase of our partnership” and said they are working to finalize contractual terms in a definitive agreement. “Together, we remain focused on delivering the best AI tools for everyone, grounded in our shared commitment to safety,” the companies said in a joint statement.