When OpenAI announced last week the end of its drawn-out corporate restructuring, one of the freedoms the company had managed to negotiate for itself was the ability to more easily sign cloud contracts with Microsoft’s competitors. With the new agreement in place, the company waived its first right of refusal to be OpenAI’s compute provider. OpenAI is wasting no time taking advantage of that freedom. On Monday, Amazon announced a new multi-year, $38 billion cloud partnership with OpenAI. “Starting immedia ...

OpenAI has completed its for-profit recapitalization and converted its for-profit arm into the OpenAI Group Public Benefit Corporation, which remains controlled by the nonprofit foundation. Under the deal, Microsoft has gained a 27% stake and retained access to OpenAI’s technology through 2032, including any AGI models verified by an independent panel. The agreement lifts long-standing capital restrictions and ends Microsoft’s exclusive cloud rights. OpenAI and Microsoft jointly announced that they have ...