Reported about 11 hours ago
Microsoft and OpenAI have entered into a non-binding agreement that will facilitate OpenAI's transformation into a for-profit entity, a significant step in their ongoing partnership. While specific terms of the new commercial arrangements remain undisclosed, the move aims to help OpenAI raise capital under a conventional governance structure and potentially go public. OpenAI seeks partnerships with additional cloud providers in response to its growing revenue, while Microsoft aims to retain access to OpenAI's technologies amidst competitive developments from both companies.
Source: YAHOO