WSJ Tech News Briefing TNB Tech Minute: OpenAI Converts to a More Traditional Corporate Structure
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Oct 28, 2025 Katie Pizzolatto, Vice President at IBM Quantum Platform, shares insights on the promising future of quantum computing. She discusses its transformative potential in drug development and materials discovery. The conversation highlights how quantum technology can optimize various industries. Additionally, Nvidia showcases its new product combining AI supercomputing with quantum, and a partnership with Eli Lilly aims to create a powerful supercomputer for accelerating drug discovery.
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Look Beyond Obvious Quantum Uses
- Explore unknown applications of quantum computing rather than limiting expectations to current use cases.
- Focus on fields like drug development, materials discovery, and optimization where quantum could cut time and costs.
OpenAI Converts To For-Profit Structure
- OpenAI converted from a nonprofit to a for-profit structure to better raise capital and attract talent.
- The move could clear a path toward an IPO and increased valuation tied to investor stakes.
Microsoft Takes A Large Stake
- Microsoft will own a 27% stake in the new public benefit corporation, boosting strategic ties between the companies.
- The conversion granted OpenAI's nonprofit parent a stake worth $130 billion with potential for more as value grows.