The company will probably still exist, but the company isn't going to be worth what it is today.
In the name of safety, the board has gifted OAI to MS. Even Ilya wants to jump ship now that the ship is sinking (I'll be real interesting if Sama even lets him on board the MS money train).
Calling this a win for AI safety is ludicrous. OAI is dead in all be name, MS basically now owns 100% of OAI (the models, the source, and now the team) for pennies on the dollar.