Microsoft gets to offer OpenAI's tech to its cloud customers and doesn't have to pay for it. "We fully plan to exploit it," Nadella said.

The two companies are overhauling an agreement central to OpenAI’s for-profit model.

Amended Agreement Provides Long-Term Clarity The rapid pace of innovation requires us to continue to evolve our partnership to benefit our customers and both companies. Today, we…

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OpenAI is free to distribute its products through any cloud provider, Microsoft loses its exclusive license to OpenAI's technology, and the controversial AGI clause is gone.

The revamped deal keeps Microsoft as OpenAI’s main cloud partner through 2032, while allowing OpenAI to expand on Amazon, Google and other rival platforms

OpenAI has won major concessions from its largest shareholder, Microsoft, that will allow it to sell products on AWS, while Microsoft gets more cash in a revenue-share agreement.

Microsoft gets to offer OpenAI's tech to its cloud customers and doesn't have to pay for it. "We fully plan to exploit it," Nadella said.

Inside the big Microsoft and OpenAI changes