Microsoft and OpenAI announce the 'next phase' of their partnership
Microsoft and OpenAI have announced the "next phase" of their partnership, although the details are not yet finalized. The new agreement reportedly modifies the clause in the original deal, which states that Microsoft cannot access OpenAI's most powerful technology if its board decides that it has reached human-like artificial general intelligence (AGI). Additionally, OpenAI is giving an equity stake worth at least $100 billion to its nonprofit arm, which will continue to oversee and control the organization. This move paves the way for OpenAI to transition into a public benefit corporation, a type of corporation that's meant to make a positive impact on society, and for an eventual IPO. Microsoft had invested over $13 billion into OpenAI and is entitled to 49 percent of its future profits.
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