Microsoft, OpenAI reach new deal to allow OpenAI to restructure

Published 1 week ago Positive
Microsoft, OpenAI reach new deal to allow OpenAI to restructure
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(Reuters) -Microsoft said on Tuesday it has reached a deal with OpenAI to allow the ChatGPT maker to restructure itself into a public benefit corporation, following which Microsoft would hold a stake of about $135 billion - or 27% - in the AI startup.

(Reporting by Deborah Sophia in Bengaluru; Editing by Devika Syamnath)

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