Microsoft (MSFT) shares are in focus as the tech giant reportedly weighs its ongoing multibillion-dollar investment and partnership with OpenAI as the ChatGPT maker shifts to a for-profit business model,

OpenAI on Friday laid out a plan to revamp its corporate structure next year, saying it would create a public benefit corporation to manage its growing business and ease the restrictions imposed by its current non-profit parent.

Key Takeaways Artificial intelligence startup OpenAI said it needs to raise more capital than expected, and laid out plans for transitioning toward a for-profit structure next year. The ChatGPT maker said its existing for-profit division will become a corporation with ordinary shares of stock.