Microsoft Clarifies Ownership of OpenAI

In a statement released on Friday, Microsoft (MSFT.O) addressed the ownership structure of OpenAI, a prominent player in the field of artificial intelligence. The company's spokesman, Frank Shaw, emphasized that Microsoft does not have any ownership stake in OpenAI, but rather has an entitlement to share in profit distributions.

While the specifics of the agreement between Microsoft and OpenAI were not disclosed, Shaw's statement sought to clarify any misconceptions regarding Microsoft's relationship with the AI powerhouse. He emphasized that Microsoft's involvement with OpenAI is limited to a profit-sharing arrangement, rather than actual ownership.

OpenAI, founded in 2015, is renowned for its cutting-edge research and development in the field of artificial intelligence. The organization aims to ensure that artificial general intelligence (AGI) benefits all of humanity and operates in a manner that aligns with this objective.

Microsoft's collaboration with OpenAI has been widely publicized, with the two entities partnering on various projects and initiatives. However, it is important to note that Microsoft's involvement is based on a financial arrangement rather than a direct ownership stake.

OpenAI's mission is to develop and promote friendly AI that is safe and beneficial for society. By collaborating with industry leaders like Microsoft, OpenAI can leverage their expertise and resources to further advance the field of artificial intelligence.

Microsoft, a technology giant with a diverse portfolio of products and services, has recognized the transformative potential of artificial intelligence and has been actively investing in this area. The partnership with OpenAI allows Microsoft to tap into the organization's expertise and contribute to the development of AI technologies that can positively impact society.

While Microsoft's involvement with OpenAI is not one of ownership, the collaboration between the two entities remains significant. The partnership enables Microsoft to stay at the forefront of AI innovation and contribute to the ethical and responsible development of artificial intelligence.

In conclusion, Microsoft's statement clarifies that it does not own any part of OpenAI but has a profit-sharing arrangement with the AI powerhouse. This distinction is necessary to understand the nature of Microsoft's involvement with OpenAI and highlights the company's commitment to advancing the field of artificial intelligence.

https://www.newyorker.com/magazine/2023/12/11/the-inside-story-of-microsofts-partnership-with-openai