OpenAI’s $1T IPO could fuel its shift from Nvidia’s pricey GPUs toward efficient, self-powered AI infrastructure and industrial autonomy.

Microsoft and OpenAI unveil a deal extending IP rights, adding independent AGI verification, and giving both sides more freedom while maintaining Azure ties.

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.

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.

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,

Despite its hefty market cap, Nvidia still trades at a reasonable forward P/E ratio, just 45 times full-year earnings estimates. Wall Street analysts currently anticipate Nvidia's earnings growing by an average of almost 33% annually over the next three to five years. That is plenty of growth to justify owning the stock at these levels.

OpenAI’s conversion to a for-profit structure is ready, along with a new deal thatshrinks Microsoft’s ownership stake and defines AGI.

Inveterate overpromiser Elon Musk is teasing that his chatbot Grok could soon “achieve artificial general intelligence,” or AGI — a hypothetical form of AI system that surpasses humans in virtually every way, and remains the white whale of the AI industry.

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,

According to a Reuters report published on Wednesday, OpenAI is laying the foundation for what could be one of the largest-ever IPOs and is thinking about filing as early as the second half of 2026. In discussions, the company has considered raising $60 billion at the low end, and possibly more, which would value the company at up to $1 trillion.