(Bloomberg/Brody Ford) — Microsoft Corp. and OpenAI finalized a new agreement in a long-negotiated partnership.
Under the new pact, Microsoft will get a 27% ownership stake in OpenAI worth about $135 billion, the companies said in a statement Tuesday.
In addition, Microsoft will have access to the artificial intelligence startup’s technology until 2032, including models that achieved the benchmark of AI general intelligence.
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The world’s largest software maker will no longer have a right of first refusal on OpenAI compute, though the startup has made an additional $250 billion commitment to buy Azure services.
Microsoft shares jumped almost 4% in early trading.
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