Overview
- The new structure gives Microsoft an ownership stake of about 27% valued near $135 billion.
- OpenAI agreed to purchase $250 billion of Azure services as Microsoft’s exclusivity and first-refusal cloud rights end, allowing OpenAI to use other providers.
- Microsoft retains IP and model access through 2032, including post‑AGI systems subject to confirmation by an independent expert panel.
- Control resides with the nonprofit OpenAI Foundation, which holds roughly 26% equity valued around $130 billion and governs OpenAI Group PBC.
- Delaware issued a statement of no objection and California’s attorney general said the office would not oppose the plan, and coverage reports Microsoft will keep a revenue share reported at about 20% until AGI is independently verified.