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Tech industry
fromBusiness Insider
6 days ago

OpenAI's new agreement with Microsoft gives the AI startup more freedom on its quest to raise billions

OpenAI reorganized so its nonprofit controls a public benefit corporation, positioning the company to attract large investments and giving Microsoft a 27% stake.
#openai-recapitalization
fromFortune
1 day ago
Artificial intelligence

OpenAI completes for-profit restructuring and grants Microsoft a 27% stake in the company | Fortune

fromFortune
1 day ago
Artificial intelligence

OpenAI completes for-profit restructuring and grants Microsoft a 27% stake in the company | Fortune

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Business
fromwww.theguardian.com
6 days ago

OpenAI completes conversion to for-profit business after lengthy legal saga

OpenAI converted to a for-profit public benefit corporation, reorganized ownership with Microsoft owning ~27% under a $500B valuation, enabling easier capital raises.
Artificial intelligence
fromTheregister
1 month ago

Microsoft and pals announce cash for AI in the UK

Microsoft commits $15 billion to UK cloud and AI infrastructure, planning the country's largest supercomputer with over 23,000 Nvidia GPUs, outpacing Google's datacenter plans.
fromIrish Independent
1 month ago

Trump visit: UK and US strike tech deal as US president arrives for state visit

British Prime Minister Keir Starmer said the agreement represented "a general step change" in Britain's relationship with the US that would deliver "growth, security and opportunity up and down the country". The "tech prosperity deal", announced as Mr Trump arrived in the UK on Tuesday night, will see the UK and US co-operate in areas including artificial intelligence (AI), quantum computing and nuclear power.
UK politics
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