Reported about 14 hours ago
Microsoft and OpenAI have finalized a new agreement allowing OpenAI to transition into a for-profit public benefit corporation, where Microsoft will acquire a 27% stake valued around $135 billion. The deal modifies Microsoft's rights to OpenAI's models until 2032, while granting OpenAI the freedom to collaborate with third parties. This agreement marks a significant milestone for both companies, further solidifying their positions in the AI sector.
Source: YAHOO