Microsoft's Strategic Stake in OpenAI: Pioneering AI Governance

Microsoft has struck a deal with OpenAI, enabling the AI company to transition into a public benefit corporation, with Microsoft acquiring a 27% stake worth approximately $135 billion.

In a groundbreaking agreement announced on Tuesday, Microsoft revealed plans to invest substantially in OpenAI, the renowned creator of ChatGPT. This move will allow OpenAI to restructure itself into a public benefit corporation.

The strategic partnership signifies Microsoft's intent to hold a significant equity stake, approximately 27%, valued at $135 billion.

This development underscores Microsoft's commitment to leading advancements in artificial intelligence, ensuring ethical and responsible governance in emerging technologies.

(With inputs from agencies.)