Microsoft is now pursuing solo AGI, promising a future that (probably) won’t lead to opening the Pandora’s box of AI

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Last week, Microsoft and OpenAI renewed their AI vows by signing a new definitive agreement amid immense pressure for investors on the latter to evolve into a for-profit entity. Following the ChatGPT maker’s recapitalization, Microsoft, its largest backer with a $13 billion investment, now holds a $135 billion investment in OpenAI’s public benefit corporation (PBC), which translates to approximately 27% of the company on an as-converted diluted basis.

The agreement also featured some interesting…



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Microsoft is now pursuing solo AGI, promising a future that (probably) won’t lead to opening the Pandora’s box of AI


Last week, Microsoft and OpenAI renewed their AI vows by signing a new definitive agreement amid immense pressure for investors on the latter to evolve into a for-profit entity. Following the ChatGPT maker’s recapitalization, Microsoft, its largest backer with a $13 billion investment, now holds a $135 billion investment in OpenAI’s public benefit corporation (PBC), which translates to approximately 27% of the company on an as-converted diluted basis.

The agreement also featured some interesting…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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