"On Tuesday's "TPBN" podcast, the show hosts John Coogan and Jordi Hays spoke with Microsoft CEO Satya Nadella after the announcement, noting that he is now a "peacetime CEO," as the dispute with OpenAI has been resolved. "I think AI and everything that it entails is going to be a core driver, and some of it'll come from just this intelligence and this sort of continual march of capability," Nadella said in response to the hosts' question on what he expects from the OpenAI agreement."
"The two companies reached a deal that lifts restrictions that have limited OpenAI's ability to raise money since 2019, when it gave Microsoft sweeping rights to its work in exchange for billions in cloud computing power. The landmark deal was announced just a day before Microsoft's third-quarter earnings release and call. The deal would allow the ChatGPT maker to complete its restructure from a nonprofit to a for-profit company, which will give CEO Sam Altman greater authority to strike deals"
Microsoft and OpenAI resolved a major dispute, removing limits that had constrained OpenAI's fundraising and computing-contract options since 2019. The resolution lifts restrictions tied to the original 2019 deal that granted Microsoft sweeping rights in exchange for billions in cloud computing power. The agreement permits OpenAI to complete its restructure from a nonprofit into a for-profit OpenAI Group PBC, enabling CEO Sam Altman to pursue outside funding and greater deal-making authority. Microsoft CEO Satya Nadella described AI as a core driver and emphasized a focus on long-term return. The landmark deal was announced just before Microsoft's third-quarter earnings release.
Read at Business Insider
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