Microsoft, OpenAI strike new deal that makes ChatGPT creator a for-profit company

OpenAI is giving its long-time backer Microsoft Corp. a 27% stake as part of a restructuring plan that took nearly a year to negotiate. That removes a major uncertainty for both companies and clears the path for the ChatGPT maker to become a for-profit business.

According to the revised Microsoft-OpenAI deal, Microsoft will get a stake in OpenAI worth about $135 billion. That gives Microsoft access to OpenAI’s technology until 2032, including AI models that may achieve Artificial General Intelligence (AGI) by then.