India, Oct. 29 -- Microsoft and OpenAI have finalised a significant update to their strategic partnership, building on a foundational relationship that started in 2019. This new definitive agreement strengthens their collaboration and clarifies the operational rules for the next phase, especially concerning the future of Artificial General Intelligence (AGI).

The most immediate change involves OpenAI's governance and ownership structure. Microsoft supports the OpenAI board's move to form an OpenAI Group Public Benefit Corporation (PBC) and recapitalise the organisation. Following this action, Microsoft's investment in OpenAI Group PBC now stands at an approximate valuation of USD 135 billion. This figure represents roughly 27 percent of ...