"The OpenAI mission - ensuring that AGI benefits all of humanity - will be advanced through both the business and the Foundation,"
"The more OpenAI succeeds as a company, the more the non-profit's equity stake will be worth, which the non-profit will use to fund its philanthropic work."
"The agreement preserves key elements that have fueled this successful partnership - meaning OpenAI remains Microsoft's frontier model partner and Microsoft continues to have exclusive IP rights and Azure API exclusivity until artificial general intelligence (AGI),"
OpenAI completed its transformation into a public benefit corporation, with Microsoft retaining a 27% stake. OpenAI was founded in 2015 as a non-profit with a mission to ensure artificial general intelligence benefits all humanity. Restructuring plans to raise funds encountered regulatory and legal challenges. The nonprofit arm, renamed the OpenAI Foundation, now controls the for-profit division and holds an equity stake valued around $130 billion. The Foundation will commit $25 billion initially to accelerate health breakthroughs through open-source frontier health datasets and scientist funding, and to develop technical solutions for AI resilience. The deal preserves Microsoft’s exclusive IP rights and Azure API exclusivity until AGI while enabling continued independent innovation.
Read at IT Pro
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