non-profit<\/a> would continue to hold around $130 billion worth of stake in the newly created entity. Notably, the AI startup also said that Altman would not have any stake in the newly created public benefit corporation.<\/p>\n\u200bMeanwhile, Microsoft would hold around 27% of the PBC, which amounts to about $135 billion in stake. The Windows maker will have access to OpenAI’s AI models till 2032 even if independent experts verify that OpenAI has achieved AGI with its models. The earlier agreement stated that Microsoft would only have access to the ChatGPT maker’s models till AGI was achieved or till 2030.<\/p>\n
\u200bThe new agreement also states that OpenAI has agreed to purchase an additional $250 billion of Microsoft Azure services. However, Microsoft would no longer have a right of first refusal to be OpenAI’s compute partner.<\/p>\n
\u200bIn a blog post, both the companies said that a revenue-sharing agreement will stay in effect until an expert panel verifies that AGI has been achieved with OpenAI models. Microsoft will receive 20% of OpenAI’s revenue, as per a Bloomberg report citing anonymous sources.<\/p>\n
\u200bThe restructuring is expected to help OpenAI streamline raising capital which was earlier said to be a hurdle due to the company’s unusual corporate structure. With the ChatGPT maker competing against the likes of Meta, Google, Anthropic, and others in the AI race, there is always a need for additional capital and computing power in the race for reaching superintelligence first.<\/p>\n","protected":false},"excerpt":{"rendered":"OpenAI CEO Sam Altman has announced that the company plans to develop a fully automated AI researcher by…\n","protected":false},"author":2,"featured_media":104140,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[345,48731,343,344,4193,48732,85,46,5022,1748,68310,125],"class_list":{"0":"post-104139","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-ai","9":"tag-ai-chatgpt","10":"tag-artificial-intelligence","11":"tag-artificialintelligence","12":"tag-chatgpt","13":"tag-chatgpt-ai","14":"tag-il","15":"tag-israel","16":"tag-open-ai","17":"tag-openai","18":"tag-openai-chatgpt","19":"tag-technology"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/104139","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=104139"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/104139\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/104140"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=104139"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=104139"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=104139"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}