OpenAI Restructures as For-Profit, Partners with Microsoft and Oracle in Billion-Dollar Deals
Summary
OpenAI restructures as a for-profit company, securing billion-dollar partnerships with Microsoft, granting its non-profit parent an equity stake exceeding $100 billion, and inking a $300 billion cloud deal with Oracle to build new data centers.
Key Points
- OpenAI and Microsoft announce a new deal as OpenAI plans for-profit restructuring
- OpenAI gives its non-profit parent an equity stake exceeding $100 billion
- OpenAI signs a $300 billion cloud deal with Oracle to build new data centers