Openai secures Microsoft’s grace to transfer its profit arm

Openai announced on Thursday that it had reached an indisputable agreement with Microsoft, its largest investor, in a revised partnership that would allow the start of operation to convert its profit arm into a general interest company (PBC).

The transition, in the event of its cleansing by government organizers, can allow Openai to raise additional capital from investors, and in the end it becomes a public company.

in Blog post, OPNAI Chairman, Brett Taylor, said, according to the non -binding agreement with Microsoft, will remain the non -profit Openai company in existence and retaining the control of startups. Taylor said that the non -profit from Openai will get a company in PBC for $ 100 billion. Other conditions of the deal have not been revealed.

“Microsoft and Openai signed a non -binding understanding note (MO) for the next stage of our partnership,” said companies in one of the subscribers. statement. Mous is not legally binding, but it aims to document the expectations and intent of each party.

The joint statement added: “We are actively working on the completion of the contractual conditions in a final agreement.”

Development appears to be an end to the months of negotiations between Openai and Microsoft due to Chatgpt-Maker. Unlike most startups, Openai is controlled by a non -profit panel. The extraordinary structure allowed the members of the Openai Council CEO of Fire Sam Al -Tamman In 2023, several days were repeated, and many members of the Board of Directors resigned. However, the structure of the governance itself is still in place today.

Under their current deal, Microsoft is supposed to get preferred access to Openai technology and to be the main provider of cloud services for startups. However, ChatGPT is a much larger work than it was when Microsoft first invested in the start of operation in 2019, and according to what Openai sought to reduce the domination of the cloud provider as part of these negotiations.

Last year, Openai concluded a series of deals that would allow them to be less dependent on Microsoft. Openai recently signed a $ 300 billion spending contract with the cloud provider Oracle Over the period of five years starting in 2027, according to the Wall Street Journal. Openai also made partnership with the Japanese SoftBank group on Stargate Data Center Project.

Taylor says that Openai and Microsoft “will continue to work with California and Delaware General” in the transfer plan, which means that the deal still needs a character from the organizers before it enters into effect.

California representatives and Dilayer’s general lawyer did not immediately respond to the Techcrunch request for comment.

It was reported that the tensions between Openai and Microsoft around these negotiations have reached a boiling point in recent months. Wall Street Magazine Microsoft wanted to control the technology owned by Windsurf, starting the artificial intelligence coding that was with Openai Plans to acquire Earlier this year, while Openai fought to keep the IP for Startup independently. However, the deal fell, and the founders of Windsurf were Google rented itThe rest of its employees were acquired By starting another, perception.

In a lawsuit against Elon Musk against Openai-which is accused in essence, Greg Brookman, and the company of abandoning its non-profit mission-is the transfer of profitability start also a main flash point. Lawyers who represent Musk at the case tried Street information Microsoft and Openai negotiations are related to the transition.

Also presented musk Unwanted offer 97 billion dollars For Openai earlier this year, which was refused by the startup panel immediately. However, legal experts noticed at the time that the Musk Show may be Price From the non -profit Openai.

It is worth noting that a non -profit share in Openai PBC, according to this agreement, is greater than Musk.

In recent months, non -profit organizations such as Encode and Midas Project have been subjected to the transfer of OpenAi to profit, arguing that it threatens to start operating task with the development of AGI that benefits humanity. Openai was answered by sending it Notes of notes for some of these groups, He claims that non -profit organizations are funded by their competitors – that is Musk and Meta CEO of Musa Mark Zuckerberg. Checks and the Midas project denies claims.