"Microsoft and OpenAI Ink Historic $13B AI Partnership Revamp"

OpenAI and Microsoft Revise AI Partnership Terms in $13 Billion Deal In a significant development, OpenAI and Microsoft have signed a non-binding agreement to revise their partnership terms, marking the latest step in a complex relationship between the two tech giants. According to sources, the revised partnership aims to address growing infrastructure needs and deliver advanced AI tools while ensuring safety and accountability. The deal, valued at $13 billion, comes as OpenAI seeks to transition from a nonprofit to a for-profit entity, requiring Microsoft's approval due to its substantial investment stake. This move is seen as a crucial step in the company's growth strategy, allowing it to access new funding and resources. According to a joint statement released by the companies, "Microsoft and OpenAI have signed a non-binding memorandum of understanding (MOU) for the next phase of our partnership... We are actively working to finalize contractual terms in a definitive agreement." The statement emphasizes the companies' shared commitment to delivering advanced AI tools while prioritizing safety and accountability. The revised partnership is seen as a response to growing competition in the AI market, where both OpenAI and Microsoft are vying for customers and seeking new partnerships to meet their infrastructure needs. "This deal is a significant development in the ongoing evolution of the relationship between OpenAI and Microsoft," said an industry expert, who wished to remain anonymous. The partnership has been under scrutiny in recent months, with some critics expressing concerns over the potential risks associated with advanced AI technology. However, according to OpenAI's CEO, Sam Altman, "We are committed to ensuring that our technology is developed and deployed responsibly... This revised partnership will enable us to accelerate our research and development efforts while prioritizing safety and accountability." The current status of the deal remains uncertain, with both companies working to finalize contractual terms in a definitive agreement. According to sources close to the matter, the negotiations are ongoing, but no timeline has been set for completion. In conclusion, the revised partnership between OpenAI and Microsoft marks an important step in the evolution of their complex relationship. As the AI market continues to grow and evolve, this deal is seen as a significant development that will shape the future of advanced AI technology. Sources: Joint statement from Microsoft and OpenAI Industry expert, anonymous Sam Altman, CEO of OpenAI This story was compiled from reports by Ars Technica UK and Ars Technica UK.