Microsoft invests $135 billion in OpenAI. 💰

Corporate Structure & Valuation - OpenAI has completed its recapitalization, simplifying its corporate structure with the non-profit remaining under the control of the for-profit entity [1] - The for-profit entity is valued at approximately $130 billion [1] - Microsoft will acquire a 27% stake in the for-profit entity, implying a value of $35.1 billion for the stake [1] - The non-profit will be renamed the OpenAI Foundation [2] Strategic Partnership & Technology - OpenAI has committed to purchasing $250 billion worth of Azure services from Microsoft [2] - Microsoft retains some IP rights and Azure exclusivity until the achievement of artificial general intelligence (AGI) [2]