The Information reports that OpenAI is close to finalizing its transformation to an ordinary Public Benefit B-Corporation. OpenAI has tossed its cap over the wall on this, giving its investors the right to demand refunds with interest if they don’t finish the transition in two years.

Microsoft very much wants this transition to happen. They would be the big winner, with an OpenAI that wants what is good for business. This also comes at a time when relations between Microsoft and OpenAI are fraying, and OpenAI is threatening to invoke its AGI clause to get out of its contract with Microsoft. That type of clause is the kind of thing they’re doubtless looking to get rid of as part of this.