When it comes to artificial intelligence (AI), perhaps no one commands more attention than Sam Altman, the CEO of ChatGPT maker OpenAI. On Nov. 3, OpenAI announced a headline-grabbing $38 billion partnership with e-commerce and cloud titan Amazon (NASDAQ: AMZN).

Oracle’s Azure-OCI interconnect and Database@Azure let OpenAI run Oracle databases and GPU compute seamlessly with Azure. Read why ORCL stock is a Buy.

Napster (formerly Infinite Reality), an innovation company powering the next generation of embodied and agentic AI, today announced the next step in its strategic partnership with Microsoft Azure, delivering enterprise-grade agentic AI to an early pilot customer.

Now, that all seems to have resolved itself in Microsoft's favor. On Tuesday, OpenAI said it completed its recapitalization and simplified its corporate structure. The non-profit entity is now called the OpenAI Foundation, which has majority control of the for-profit component, OpenAI Group Public Benefit Corp. (PBC).

In the new agreement, Microsoft gets a 27% stake in OpenAI's for-profit business, the OpenAI Group PBC, worth around $135 billion.

When the claim that OpenAI was worth $13 billion, Altman pushed back, claiming it's worth way more than that. He believes revenue will continue to grow steeply.

This January, OpenAI announced Stargate, a $500bn joint venture with cloud provider Oracle (as well as SoftBank, OpenAI, and Abu Dhabi's MGX). At the time, Microsoft said it had a right of first refusal for any cloud contracts.

Microsoft and OpenAI unveil a deal extending IP rights, adding independent AGI verification, and giving both sides more freedom while maintaining Azure ties.

Microsoft and OpenAI have announced they are redefining their partnership as part of a major recapitalization effort aimed at preparing for the arrival of artificial general intelligence (AGI).

Commitment to invest $38 billion to run its workloads on AWS follows last week’s promise to buy $250 billion of Azure services.