Proud For Profits
  • Investing
  • Stock
  • Latest News
  • Economy
  • Investing
  • Stock
  • Latest News
  • Economy
No Result
View All Result
Proud For Profits
No Result
View All Result
Home Stock

OpenAI aims to attract more investment by removing ‘AGI’ clause with Microsoft, FT reports

by
December 6, 2024
in Stock
0
OpenAI aims to attract more investment by removing ‘AGI’ clause with Microsoft, FT reports

(Reuters) -OpenAI is in discussions to remove a clause that shuts Microsoft (NASDAQ:MSFT) out of the start-up’s most advanced models when it achieves “artificial general intelligence”, as it seeks to unlock future investments, the Financial Times reported on Friday.

As per the current terms, when OpenAI creates AGI – defined as a “highly autonomous system that outperforms humans at most economically valuable work” – Microsoft’s access to such a technology would be void.

The ChatGPT-maker is exploring removing the condition from its corporate structure, enabling Microsoft to continue investing in and accessing all OpenAI technology after AGI is achieved, the FT reported, citing people familiar with the matter.

Microsoft and OpenAI did not immediately respond to Reuters’ requests for comment.

The clause was included to protect the technology from being misused for commercial purposes, giving its ownership to OpenAI’s non-profit board.

“AGI is explicitly carved out of all commercial and IP licensing agreements,” according to OpenAI’s website.

The OpenAI board would determine when AGI is achieved, the website said.

OpenAI’s board is discussing the options and a final decision has not been made, the FT report said.

Microsoft-backed OpenAI was working on a plan to restructure its core business into a for-profit benefit corporation no longer governed by its non-profit board, Reuters reported first in September.

In October, OpenAI closed a $6.6 billion funding round which valued it at $157 billion.

This post appeared first on investing.com
Previous Post

BP seeks buyers for US gas pipeline stake – Reuters

Next Post

JD Logistics to acquire full ownership of Kuayue-Express

Next Post
JD Logistics to acquire full ownership of Kuayue-Express

JD Logistics to acquire full ownership of Kuayue-Express

Enter Your Information Below To Receive Trading Ideas and Latest News

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Popular News

    Tom Cotton puts Biden on notice while demanding answers on draining of nation’s oil stockpile

    Tom Cotton puts Biden on notice while demanding answers on draining of nation’s oil stockpile

    March 11, 2026
    From Biden’s ‘war’ on gas prices to ‘small price to pay’: GOP shifts tone as Iran conflict hits pumps

    From Biden’s ‘war’ on gas prices to ‘small price to pay’: GOP shifts tone as Iran conflict hits pumps

    March 11, 2026
    Questcorp Mining Completes Induced Polarization Survey at the Marisa Zone – North Island Copper Project

    Questcorp Mining Completes Induced Polarization Survey at the Marisa Zone – North Island Copper Project

    March 11, 2026
    Track all markets on TradingView

    About Proud For Profits

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Main Categories

    • Investing
    • Stock
    • Latest News
    • Economy

    Latest News

    • Tom Cotton puts Biden on notice while demanding answers on draining of nation’s oil stockpile
    • From Biden’s ‘war’ on gas prices to ‘small price to pay’: GOP shifts tone as Iran conflict hits pumps
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2026 proudforprofits.com | All Rights Reserved

    No Result
    View All Result
    • Investing
    • Stock
    • Latest News
    • Economy

    Copyright © 2026 proudforprofits.com | All Rights Reserved