OpenAI, Microsoft
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TipRanks on MSN
‘We Will Be Keeping a Close Eye on OpenAI’: California on New Deal with Microsoft (MSFT)
Microsoft’s ($MSFT) updated restructuring deal with OpenAI (PC:OPAIQ), which will see the U.S. tech heavyweight take a 27% stake in a for-profit
Operating as a public benefit corporation will help OpenAI attract investors and compete with other tech giants.
The artificial intelligence company said the nonprofit that controlled the organization would receive a $130 billion stake in the new company.
Microsoft and OpenAI unveil a deal extending IP rights, adding independent AGI verification, and giving both sides more freedom while maintaining Azure ties.
Emirates News Agency on MSN
UAE AI Office partners with OpenAI to launch Arabic AI Leadership Guide
The initiative reflects the UAE’s commitment to supporting national strategies in artificial intelligence and digital transformation,
In a press release, Microsoft opened a window on how much it has invested in OpenAI. It also offers a look at the AI developer’s significant losses.
In the new agreement, Microsoft gets a 27% stake in OpenAI's for-profit business, the OpenAI Group PBC, worth around $135 billion.
OpenAI is restructuring into a public benefit corporation with Microsoft retaining a 27% stake in the new "OpenAI PBC," worth roughly $135 billion. OpenAI PBC will still be overseen by the non-profit OpenAI Inc.