"Microsoft and OpenAI have revised their partnership with an agreement that lays the foundation for the coming years. The agreement follows shortly after OpenAI's restructuring, which has transformed it into a Public Benefit Corporation (PBC). This PBC is controlled by the non-profit organization OpenAI Foundation. A recapitalization should enable the foundation to continue pursuing its mission: to develop artificial general intelligence (AGI) that benefits all of humanity."
"Microsoft holds a stake of approximately 27 percent in OpenAI Group PBC, valued at roughly $135 billion. OpenAI remains Microsoft's primary partner in developing frontier models. Azure retains exclusivity for the provision of API services until AGI is officially achieved. Microsoft's intellectual property rights will be extended until 2032 and will also include future models developed after AGI, with additional security safeguards. The rights no longer apply to OpenAI's consumer electronics, giving the company more freedom to develop its own products."
"The recapitalization makes the OpenAI Foundation one of the best-funded philanthropic organizations in the world. It has a stake of approximately $130 billion in the commercial arm. The foundation uses its share value to fund social projects. The first program involves $25 billion, focused on health and AI safety. With this, the foundation aims to develop open datasets for medical breakthroughs and invest in technical solutions that increase the resilience of AI systems."
OpenAI reorganized into a Public Benefit Corporation controlled by the non-profit OpenAI Foundation, enabling a recapitalization to support its mission to develop AGI benefiting all humanity. Microsoft acquired approximately 27 percent of OpenAI Group PBC, valued around $135 billion, and remains the primary partner for frontier model development. Azure retains exclusivity to provide API services until AGI is achieved. Microsoft’s intellectual property rights extend until 2032 and cover future models developed after AGI, with added security safeguards; these rights exclude OpenAI’s consumer electronics. The foundation holds about $130 billion in equity and will fund social projects, starting with a $25 billion program for health and AI safety. OpenAI reports $1.4 trillion in commitments to deliver roughly 30 gigawatts of data center capacity and plans to scale to one gigawatt per week while targeting construction cost reductions.
Read at Techzine Global
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