SoftBank approves of OpenAI’s restructuring process following Microsoft’s recent contract renegotiations

OpenAI CEO Sam Altman Testifies In Senate Commerce Committee Hearing On The AI Race

SoftBank Group (OTCPK:SFTBY) approved of the process OpenAI is taking in restructuring itself as a public benefit corporation, and the plan of the non-profit board retaining control over its proposed for-profit business segment.

SoftBank shares climbed 1% during early Tuesday

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