Sou Hu Cai Jing·2025-11-11 13:58Core Insights - Microsoft is the largest shareholder of OpenAI, holding approximately $13 billion in shares, which raises concerns among investors about the sustainability of the current "AI bubble" and the unclear profitability model of OpenAI [1] - Tensions between Microsoft and OpenAI have escalated due to OpenAI's plans to transition into a for-profit entity, with rumors suggesting that Microsoft attempted to prevent this shift to protect its interests [1] Group 1 - A new "final agreement" has been signed between Microsoft and OpenAI, extending their collaboration and introducing new terms, including that OpenAI cannot unilaterally declare the achievement of AGI (Artificial General Intelligence) without validation from an independent expert panel [3] - The new agreement allows Microsoft to use OpenAI's models and products, including those developed post-AGI, until 2032, even if AGI is achieved before 2030 [3] - The agreement also permits Microsoft to independently or jointly develop AGI with other companies, effectively granting Microsoft significant control over AI advancements [3] Group 2 - Following the signing of the agreement, Microsoft has accelerated its efforts in the AI sector, with the CEO of its AI division stating that the company is pursuing "superintelligence" while ensuring that AI serves humanity [3] - Previously, Microsoft was restricted from independently pursuing AGI until 2030 to allow OpenAI to maintain its lead, but this limitation has now been lifted, enabling Microsoft to pursue its own initiatives [3] - The CEO emphasized that Microsoft will maintain an open technology approach and will not be overly committed to specific models, focusing solely on product usability [4]