Microsoft and OpenAI Restructure Partnership with $135 Billion Stake Deal

TLDR Microsoft and OpenAI reached a new deal allowing OpenAI to restructure into a public benefit corporation, with Microsoft holding a 27% stake valued at $135 billion OpenAI committed to purchasing $250 billion in Azure cloud computing services from Microsoft Microsoft’s intellectual property rights to OpenAI’s products and models now extend through 2032, including post-AGI [...]

The post Microsoft and OpenAI Restructure Partnership with $135 Billion Stake Deal appeared first on Blockonomi.