Salesforce CEO Marc Benioff said that the two AI leaders, Sam Altman and Mustafa Suleyman do not care for each other.
Microsoft on Tuesday said it has changed some key terms of a deal with OpenAI after the ChatGPT creator announced a joint venture with Oracle and Japan's SoftBank Group to build up to $500 billion of new AI data centers in the United States.
The new agreement “includes changes to the exclusivity on new capacity, moving to a model where Microsoft has a right of first refusal (ROFR),” Microsoft says. “To further support OpenAI, Microsoft has approved OpenAI’s ability to build additional capacity, primarily for research and training of models.”
Microsoft is OpenAI's largest investor, with a 49% stake, translating to $14 billion. As part of its complicated partnership with the ChatGPT maker, Microsoft was once the exclusive cloud computing partner for OpenAI. However, OpenAI's $500 billion investment in computing infrastructure changes its relationship with Microsoft.
We are thrilled to continue our strategic partnership with OpenAI and to partner on Stargate. Today’s announcement is complementary to what our two companies have been working on together since 2019.
Microsoft won’t be the sole cloud provider for OpenAI but can decide whether to deliver the capacity or allow another company to do it.
The Federal Trade Commission (FTC) said in a staff report issued Friday that there are potential competitive issues in partnerships between Big Tech
The software giant was previously the exclusive cloud provider for OpenAI and now retains right of first refusal.
Microsoft on Tuesday said it has changed some key terms of a deal with OpenAI after the ChatGPT creator announced a joint venture with Oracle and Japan's SoftBank Group to build up to $500 billion of new AI data centers in the United States.
Unveiled as a joint effort involving OpenAI, Oracle, and SoftBank, Stargate’s initial phase comes with a private investment of $100 billion. Trump hailed the venture as a testament to America’s innovative strength, describing it as a game-changer for the country’s AI ecosystem.
AI stocks have been on a tear in the past two years, and the recent Stargate announcement has caused some of these stocks to start accelerating again. These AI companies have now reached prices that were unimaginable even just two years ago,