A look at the complex structure of the OpenAI/Microsoft alliance; sources say it entitles Microsoft to up to 49% of earnings of OpenAI's for-profit subsidiary (Financial Times)

Financial Times:
A look at the complex structure of the OpenAI/Microsoft alliance; sources say it entitles Microsoft to up to 49% of earnings of OpenAI's for-profit subsidiary  —  ChatGPT-maker quietly clarifies that tech giant has no equity despite $13bn investment — but is in line to make big profits

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