Microsoft (MSFT) and OpenAI (OPAI.PVT) announced on Tuesday that they have reached a new agreement that lets the ChatGPT developer move forward with its plans to transform into a for-profit public benefit corporation. Under the new agreement, Microsoft will hold 27% of the OpenAI Group PBC, valued at roughly $135 billion, while OpenAI's nonprofit arm will hold a$130 billion stake in the for-profit entity. Microsoft, however, will no longer have the right of first refusal to serve as OpenAI's cloud provid ...