Microsoft and Openai are released Joint Statement To say they have signed a memorandum of understanding on the “next phase” of the partnership. The two companies are still finalizing the terms of the agreement, but have not shared details of their future. But according to The New York Timesthe transaction includes the sharing of technology among all parties and the revenue from these technologies. The new agreement also reportedly modified the original terms that Microsoft would not have access to OpenAI’s most powerful technology if it decides to have reached human-like general intelligence or AGI.
In addition to new deals, era It said Openai has provided at least $100 billion worth of equity to its nonprofit, which will continue to monitor and control the organization. As the publication points out, the change in the company agreement is for Openai to transition to a Public welfare companiesa company designed to have a positive impact on society and ultimately IPOs. Openai must first reach an acceptable agreement with Microsoft, including how much equity it acquires in the for-profit division of the AI company. Microsoft has invested more than $13 billion in OpenAI and is entitled to 49% of its future profits.
Reports about Openai staying away from its complex nonprofit structure begin to come out last year. After Christmas 2024, it officially announced plans to transform itself into a public welfare company with common stock. It said: “This will allow us to raise the necessary capital with conventional terms as we do in this field.” then. However, in May, Openai announced that it was no longer Remove control of its for-profit arm from its nonprofit committee. “OpenAI was formed as a nonprofit and is today supervised and controlled by the nonprofit. Further, it will continue to be supervised and controlled by the nonprofit,” IT explain.
