"Under the deal, the new OpenAI Group PBC will remain controlled by the nonprofit OpenAI Foundation. The nearly year-long negotiations with Microsoft, which reportedly caused significant tension between the two companies, had been OpenAI's main obstacle to completing the restructuring. And at first glance, Microsoft appears to have extracted significant concessions from the AI lab. The tech giant-which has poured more than$13 billioninto OpenAI since 2019-will take a 27% stake in OpenAI."
"Given OpenAI's current valuation, Microsoft's position will be worth about $135 billion. It will also retain access to OpenAI's technology through 2032, including any models that reach the milestone of artificial general intelligence (AGI). Whether models have passed this threshold-which OpenAI had previously defined publicly as an AI system capable of performing most economically-valuable cognitive tasks as well or better than a human-will also now be verified by an independent expert panel."
OpenAI will convert its previous for-profit arm into a public benefit corporation able to issue traditional equity and give shareholders a stronger governance role. The new OpenAI Group PBC will remain controlled by the nonprofit OpenAI Foundation. Microsoft, after nearly year-long negotiations, will take a 27% stake following more than $13 billion in prior investment, valuing that stake at roughly $135 billion. Microsoft retains access to OpenAI technology through 2032, including future models that may reach artificial general intelligence. An independent expert panel will verify whether models meet the AGI threshold.
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