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Microsoft Corp. has deepened its partnership with OpenAI, finalising a new agreement that gives the tech giant a 27% ownership stake worth about $135 billion. The revised structure marks one of the largest AI-related corporate alliances to date, redefining how both companies will collaborate over the next decade in shaping the global artificial intelligence landscape.

OpenAI has completed a long-awaited corporate recapitalisation that hands its nonprofit arm a large equity stake in the company, and gave major shareholder Microsoft Corp (NASDAQ:MSFT) an extra boost to reach a $4 trillion market valuation. OpenAI and Microsoft also announced the "next chapter" of their partnership will see a loosening of exclusivity, adding new provisions that enable each comp...

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Microsoft and OpenAI on Tuesday said they had reached a deal to allow the ChatGPT maker to restructure itself into a public benefit corporation, valuing OpenAI at $500 billion and clearing the way for it to become a publicly traded company.

OpenAI's for-profit arm finalized its conversion into a public benefit corporation and reached a deal with Microsoft that will see the tech giant take a 27% stake.

Apple passed a market cap of $4 trillion for the first time. Microsoft also reached the benchmark.

OpenAI completes restructure, solidifying Microsoft as a major shareholder

Microsoft said on Tuesday it has reached a deal with OpenAI to allow the ChatGPT maker to restructure itself into a public benefit corporation, following which Microsoft would hold a stake of about $135 billion - or 27% - in the AI startup.