"OpenAI and Microsoft jointly announced that they have reached a deal to complete OpenAI's restructuring into a more traditional for-profit corporation. As part of the deal, early investor Microsoft will get a 27% stake in OpenAI, worth around $135 billion. The tech giant will also retain access to OpenAI's technology through 2032, including any models that reach the milestone of artificial general intelligence (AGI)-something that will now be verified by an independent expert panel."
"Microsoft will also retain rights to OpenAI's research IP, defined as "confidential methods used in the development of models and systems," until either AGI is verified or 2030, whichever comes first. However, Microsoft's IP rights no longer include OpenAI's consumer hardware. The company also relinquished its cloud exclusivity with OpenAI, a concession on its part, but announced OpenAI has contracted to purchase an incremental $250 billion in Azure services."
OpenAI completed its for-profit recapitalization and converted its for-profit arm into the OpenAI Group Public Benefit Corporation controlled by its nonprofit foundation. Microsoft acquired a 27% stake in OpenAI, valued at about $135 billion, and retained access to OpenAI technology through 2032, including models that reach artificial general intelligence once verified by an independent expert panel. Microsoft keeps rights to OpenAI research IP, defined as confidential methods used in model development, until AGI verification or 2030, whichever occurs first. Those IP rights exclude OpenAI consumer hardware. Microsoft relinquished cloud exclusivity, and OpenAI agreed to purchase an additional $250 billion in Azure services. Delaware's attorney general issued a statement of no objection to the recapitalization.
Read at Fortune
Unable to calculate read time
Collection
[
|
...
]