Microsoft gets 27% stake in OpenAI
A big news related to Artificial Intelligence (AI), i.e. the technology that is rapidly changing our world, has come to light. A historic deal has been signed between OpenAI, the company which created a stir across the world by creating ChatGPT, and technology giant Microsoft Corp. This is not just a transaction between two companies, but it is a step that will decide the future direction of AI. After long negotiations that lasted for almost a year, OpenAI has decided to give 27% stake in its company to Microsoft.
$135 billion deal, Microsoft eyes AGI
This deal is not trivial. Under the new agreement, the market value of the 27 percent stake that Microsoft has received in OpenAI is estimated at $ 135 billion. But this deal is not limited to just money and shares. The biggest aspect of this agreement is that Microsoft will get direct access to all the modern technologies of OpenAI till the year 2032.
This also includes the technology whose name is ‘Artificial General Intelligence’ (AGI). AGI is considered the next and most advanced form of AI, which aims to create machines that can think and learn like humans. This is a masterstroke for Microsoft, which will further strengthen its dominance in the world of technology for the coming decade. As soon as this news came, the market also reacted tremendously. Microsoft shares jumped 4.2% to $553.72.
Now OpenAI will focus on profits
This deal is a historic turning point for OpenAI. When the company was started, its main mission was “non-profit”, that is, its objective was not to make money, but to develop AI for the good of humanity. But the immense success of ChatGPT and the huge cost of running this technology forced the company to change its structure.
This new deal confirms that change. OpenAI has now officially moved into the structure of a traditional “for-profit” company. However, company chairman Brett Taylor has clarified that the old non-profit entity will still retain control of a portion of the for-profit entity.
Sam Altman did not get the share
The most surprising thing in this entire restructuring is about the company’s CEO and co-founder Sam Altman. Sam Altman, who is the face of OpenAI and considered the architect of the AI revolution, has not been given any personal stake in the company in this new structure.
According to Chairman Brett Taylor, the main goal of this restructuring is to create a “direct path to bigger resources” for the development of expensive technology like AGI, and this step is taken in that direction.