US EditionMicrosoft and OpenAI reach non-binding deal to allow OpenAI to restructure
OpenAI's nonprofit will control its for-profit Public Benefit Corporation with an equity stake exceeding $100 billion, enabling capital growth and mission oversight amid restructuring.
- Microsoft and OpenAI have signed a non-binding memorandum of understanding for the 'next phase' of their partnership, according to their joint statement.
- The New York Times reported that the new agreement modifies the clause preventing Microsoft from accessing OpenAI's most powerful technology if human-like AGI is reached.
- OpenAI is giving an equity stake worth at least $100 billion to its nonprofit arm, allowing for a transition to a public benefit corporation.
- Microsoft has invested over $13 billion into OpenAI and is entitled to 49 percent of its future profits.
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77 Articles
OpenAI has taken an important step in reaching a new tentative agreement with Microsoft.This movement, as detailed in the original report, highlights the transfer of a $100 billion share to the non-profit organization OpenAI, which controls its business branch.This restructuring has sparked interest and vigilance on the part of various regulators and consumer advocates concerned about the implications of artificial intelligence. California Attor…
Associated Press News
OpenAI reaches new agreement with Microsoft to change its corporate structure
OpenAI has reached a new tentative agreement with Microsoft and said its nonprofit, which technically controls its business, will now be given a $100 billion equity stake in its for-profit corporation.
OpenAI and Microsoft continue their collaboration on Artificial Intelligence (IA) by announcing the next phase of their collaboration with the signing of a new non-binding Memorandum of Understanding (MOU), with which they intend to offer “the best AI tools for all.” The collaboration relationship between the two technologies has been complicated over the past few months, due to an increase in competition and ambitions on the part of ChatGPT's p…
Microsoft, OpenAI reach deal to allow OpenAI restructure
Microsoft and OpenAI said they have signed a non-binding deal for new relationship terms that would allow OpenAI to proceed to restructure itself into a for-profit company, marking a new phase of the most high-profile partnerships to fund the ChatGPT frenzy.
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