Huan Qiu Wang·2025-09-12 08:46Core Insights - Microsoft and OpenAI have signed a non-binding cooperation agreement allowing OpenAI to restructure into a for-profit company [1][2] - OpenAI's revenue has grown to billions, prompting a shift towards a traditional corporate structure and partnerships with other cloud providers [2] - OpenAI's non-profit division is expected to receive over $100 billion, representing 20% of its $500 billion valuation in private markets [2] Group 1 - Microsoft invested $10 billion in OpenAI in 2019 and an additional $10 billion in early 2023 [2] - Microsoft previously held exclusive rights to sell OpenAI software tools through its Azure cloud platform [2] - OpenAI is seeking regulatory approval for its new structure from California and Delaware authorities [3] Group 2 - OpenAI is pursuing its own data center projects, including a $300 billion long-term contract with Oracle and a cloud computing agreement with Google [2] - The exact ownership stake Microsoft will have in OpenAI and whether it retains exclusive rights to OpenAI's latest models and technologies remains undisclosed [3] - OpenAI faces a risk of losing billions in funding if it does not complete its restructuring by the end of the year [3]