OpenAI and Microsoft will together create a 'commotion' in the world of AI, this is how both will benefit..

ChatGPT maker OpenAI and Microsoft have agreed on a special deal. Under the non-binding agreement between the two companies, both companies will work under a revised partnership, which will allow OpenAI to change its structure. The company wants to reorganize its profit company into a public benefit corporation. This is a move that can help raise new funding for AI startups.

What will be the benefit of the partnership between the companies?

Both companies will benefit from this partnership between OpenAI and Microsoft. Not only this, but OpenAI will also get the freedom to work on new technology. Microsoft will continue to have access to OpenAI's advanced technology and products. This agreement will strengthen the hold of both companies in the AI field. OpenAI will find it easier to get services from companies offering cloud services, which will enable the company to expand in a better way.

OpenAI started as a non-profit organization.

It started as a non-profit organization, but later it was made a limited profit company. Now there is a plan to make its limited profit part a public benefit corporation so that the board keeps focus not only on profits but also on the company's future targets. The control of the company will remain with the non-profit organization. According to OpenAI Board Chairman Brett Taylor, after the reorganization, the non-profit stake will be more than $ 100 billion (about Rs 8800 billion).

Waiting for approval

At present, the approval of the regulators is awaited; it is not clear when the approval will be received. While on the one hand Microsoft wants to keep its access to OpenAI's technology, on the other hand OpenAI needs more freedom to expand.

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