Microsoft-OpenAI deal: ChatGPT maker valued at $500B, Microsoft to hold $135B stake

Microsoft-OpenAI partnership: Microsoft and OpenAI have reached a landmark agreement allowing the ChatGPT maker to restructure as a public benefit corporation (PBC), valuing OpenAI at $500 billion and granting it more operational freedom. The deal removes a major constraint on raising capital that has existed since 2019, when OpenAI signed an agreement with Microsoft giving the tech giant rights over much of OpenAI’s work in exchange for cloud computing services.