OpenAI, Microsoft
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The ACCC is suing Microsoft for allegedly misleading customers about price hikes tied to Copilot integration in Microsoft 365.
1hon MSN
OpenAI may move forward with new business structure, partnership with Microsoft, regulators say
OpenAI said it has reorganized its ownership structure and converted its business into a public benefit corporation.
In the new agreement, Microsoft gets a 27% stake in OpenAI's for-profit business, the OpenAI Group PBC, worth around $135 billion.
Microsoft reports earnings on Wednesday, and analysts see the potential for further acceleration in its cloud business as well as major benefits from a Windows refresh cycle.
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