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2025-09-12 15:31:44
[Microsoft and OpenAI announce restructuring of their partnership] ⑴ Microsoft and OpenAI have reached a non-binding agreement to restructure their partnership. ⑵ The agreement allows the maker of ChatGPT to advance its transition to a for-profit company. ⑶ The specific terms have not yet been fully disclosed, and both parties stated that they are still finalizing the details of the agreement. ⑷ Microsoft invested $1 billion in OpenAI in 2019 and an additional $10 billion in 2023. ⑸ The original agreement gave Microsoft the exclusive right to sell OpenAI tools through the Azure cloud and was its exclusive computing power provider. ⑹ OpenAI hopes to adopt a more traditional corporate structure and seek partnerships with other cloud service providers. ⑺ The new transaction still needs to be approved by the attorneys general of California and Delaware and may face regulatory hurdles. ⑻ If OpenAI fails to complete its for-profit transition by the end of the year, it may face the risk of billions of dollars in time-sensitive financing losses.
