Microsoft will have a roughly 27% stake in the new for-profit company known as OpenAI Group PBC.

The nonprofit holds an equity stake currently worth about $130 billion in its for-profit arm.

Finalizzato piano ristrutturazione, è public benefit company (ANSA)

The deal removes a major constraint on raising capital for OpenAI, the maker of ChatGPT, and values firm at $500bn.

Microsoft and OpenAI announced Monday a series of new business partnerships aimed to advance artificial intelligence capabilities in U.S. commerce.

Restructuring paves way for ChatGPT maker to more easily raise capital and profit off its AI technology

The restructuring ends years of capital constraints for OpenAI and grants Microsoft long-term technology access and new AGI rights under the updated deal.

The deal will see long term investor Microsoft retain a 27% stake in the ChatGPT-maker.

Microsoft will have a roughly 27% stake in the new for-profit company known as OpenAI Group PBC.

OpenAI has become a public benefit corporation, giving Microsoft a 27% stake and long-term access to key research methods

OpenAI goes for-profit, Nvidia takes Nokia stake, Uber plans robotaxi fleet. Plus: Adobe, Apple, Microsoft, Myanmar, PayPal, Skyworks, Western Union.

Microsoft and OpenAI are key partners in cloud and artificial intelligence, but they're increasingly becoming competitors as well.