OpenAI signs $38B deal with Amazon
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Microsoft could also work with one or many of OpenAI’s own competitors in its race to hit AGI. Last month, Microsoft began buying AI from OpenAI’s arguably biggest rival, Anthropic, in a move to diversify its AI partnerships; we could see the company work with Anthropic or any number of other startups in the near future.
The joint announcement simply states that, “Once AGI is declared by OpenAI, that declaration will now be verified by an independent expert panel.” If OpenAI says it has an AI smart enough to rival humans, Microsoft won't just take their word for it.
OpenAI’s $1T IPO could fuel its shift from Nvidia’s pricey GPUs toward efficient, self-powered AI infrastructure and industrial autonomy.
ZDNET's key takeaways OpenAI finalized its restructuring, prioritizing AI.Its nonprofit arm is now called the OpenAI Foundation. The Foundation committed $25 billion to philanthropy. OpenAI began as a nonprofit startup,
Now, that all seems to have resolved itself in Microsoft's favor. On Tuesday, OpenAI said it completed its recapitalization and simplified its corporate structure. The non-profit entity is now called the OpenAI Foundation, which has majority control of the for-profit component, OpenAI Group Public Benefit Corp. (PBC).
OpenAI’s conversion to a for-profit structure is ready, along with a new deal thatshrinks Microsoft’s ownership stake and defines AGI.
Microsoft and OpenAI unveil a deal extending IP rights, adding independent AGI verification, and giving both sides more freedom while maintaining Azure ties.
The new agreement maintains Microsoft as OpenAI’s frontier model partner and preserves Microsoft’s exclusive rights to OpenAI’s IP and Azure API exclusivity until the threshold of AGI is reached. Under a previous arrangement,
Learn more about whether or not OpenAI, the company behind ChatGPT, is publicly traded, which would allow people to invest.
In the new agreement, Microsoft gets a 27% stake in OpenAI's for-profit business, the OpenAI Group PBC, worth around $135 billion.