Artificial intelligence giant OpenAI on Thursday announced its nonprofit parent will retain control of the company while also gaining an equity stake worth more than $100 billion.

The move will allow OpenAI to raise new capital while also making its nonprofit parent company "one of the most well-resourced philanthropic organizations in the world," according to Bret Taylor, chairman of OpenAI's board.

"This recapitalization would also enable us to raise the capital required to accomplish our mission — and ensure that as OpenAI’s [public benefit corporation] grows, so will the nonprofit’s resources, allowing us to bring it to historic levels of community impact," Taylor said in a statement.

OpenAI and Microsoft also said in a joint statement on Thursday that they signed a non-bindin

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