OpenAI Restructure Paves Way for IPO and AI Spending Spree

Elon Musk, an OpenAI co-founder who left and launched a rival startup, sued to block the restructuring, alleging it violated the company’s founding principles. Former OpenAI employees and nonprofit leaders asked regulators to stop it, too. Meanwhile, OpenAI spent months locked in complex negotiations with its biggest backer, Microsoft, about how their partnership would change with the new corporate entity.