OpenAI Finalizes Corporate Restructuring, Gives Microsoft 27% Stake and Technology Access Until 2032
Microsoft and OpenAI have finalized a new agreement that removes uncertainty for investors and clears the path for OpenAI to restructure as a for-profit business. Microsoft receives a 27% ownership stake in OpenAI worth approximately $135 billion and retains access to the AI startup's technology until 2032, including models that achieve AGI. OpenAI completed its recapitalization, simplifying its corporate structure while keeping the nonprofit in control of the for-profit entity. The OpenAI Foundation receives an equity stake worth roughly $130 billion and plans to initially focus on funding work to accelerate health breakthroughs.
Microsoft backed OpenAI with $13.75 billion and was the biggest holdout among investors during negotiations. Once OpenAI achieves AGI, verified by an independent expert panel, Microsoft will no longer receive a cut of OpenAI's revenue. Microsoft also loses its right of first refusal on new cloud infrastructure business from OpenAI, though OpenAI commits an additional $250 billion to Azure.
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'Blinding' LED headlights to be reviewed by the government as survey shows four in five drivers worry about being dazzled by them
An assessment of the causes and remedies of glaring LED lamps will be launched after their increasingly common fixture in new vehicles has made it hazardous to drive in the dark.
Revealed: The best beaches in Southeast Asia for a dose of winter sun
Among the top value destinations are beaches that offer fresh coconuts for less than £1, beers at roughly £2 and hotels averaging about £57 per night.
People left baffled at '0 bedroom' flat on the market for £1,850 per month - and it's NOT an error
The '0 bedroom' second-floor flat in the affluent Belsize Park area in Hampstead has caused a storm after being shared on social media this week.
Moment thieves are caught red-handed after they tried to steal a bike opposite a police station
John Kent and John Hutchenson were caught on CCTV attempting to steal the bicycle on Bishopsgate in the City of London.
Titanic victims' grieving relatives were forced to PAY for a first class train ticket to bring their bodies home, unearthed order drawn up by cruel White Star Line bosses reveals
In the days after the 1912 disaster, devastated families travelled by train to Halifax, Nova Scotia, to collect the bodies. Upon arrival they were handed an 'important notice' by White Star Line officials.
Father, 34, took his own life after council imposed 'three major disruptions that resulted in the loss of his job, income and home', inquest hears
Alistair Taylor, 34, had run a successful barbershop for years - but was forced to move premises when Blackpool Council suddenly terminated his lease at a market in the town.
Clearview AI faces criminal heat for ignoring EU data fines
Noyb says New York-based facial recognition biz flouted GDPR orders and kept scraping anyway
Privacy advocates at Noyb filed a criminal complaint against Clearview AI for scraping social media users' faces without consent to train its AI algorithms.…
More than 2,000 civilians, mainly women and children, are executed in 48 hours as Sudanese city is captured by paramilitary group
The western Sudanese city of El-Fasher fell to the Rapid Support Forces (RSF) after more than 18 months of brutal siege warfare.
Terrifying doorbell prank takes twisted turn as victim learns identity of masked teenagers
Three teenagers were seen approaching the Alexandria property on October 14, taunting the homeowners with demands to open the door and threatening to make their own way in.
Radiographer fraudulently claimed £7,000 in expenses to pay off debts - from collecting board games
James Fort, senior radiographer for a private medical company, became obsessed with buying 'excess quantities' of board games during the Covid pandemic, a tribunal heard.
'Humiliating' truth about influencer TooTurntTony and his extreme stunts: He's ripped, makes $3m a year and has all the hottest girls... but a dark reality lies beneath
Anthony Dawson - better known as TooTurntTony - is the king of swamp slapstick. But behind the laughs and the lake water, there's something darker lurking beneath the surface.
KT Tunstall apologises to Shakira after she claimed singer was 'shoving her lady parts in her face' in sexy music video: 'I was jealous'
Speaking in a new interview on Tuesday, the musician, 50, admitted she 'was jealous because it was making her successful' as she questioned her own perception.
Brentwood High Street reopens early after major gas works and road resurfacing
It was scheduled to open on October 27 - but opened a day early
Martine McCutcheon's £12 Primark jumper that would look great in Love Actually
It could be the perfect winter cardigan
Amazon Says It Will Cut 14,000 Corporate Roles To Remove Layers
Amazon said on Tuesday it would reduce its corporate workforce by approximately 14,000 roles as part of an effort to remove bureaucracy and organizational layers. Beth Galetti, the company's senior vice president of people experience and technology, told employees in a memo that the cuts followed earlier work to strengthen teams by reducing layers and increasing ownership.
The company said it would offer most affected employees 90 days to find new roles internally and that recruiting teams would prioritize internal candidates. Those unable to find positions at Amazon will receive severance pay, outplacement services and health insurance benefits, the memo added.
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Plans for 155 new homes on Essex farmland agreed by council
Councillors praising the developer for working with council to make changes to proposals
Cloudflare Q3 report shows the internet still breaks for the strangest reasons
From natural disasters to stray bullets and exams, it's been a shaky quarter for the world's connectivity
Cloudflare's latest internet disruptions report reads like a global disaster log, with exam-related shutdowns, natural calamities, stray bullets, and even a Starlink software failure all taking chunks out of global connectivity.…
Amazon confirms it has replaced 14,000 humans with robots amid first wave of massive layoff
'Some may ask why we're reducing roles when the company is performing well,' a top boss wrote.
BBC's Anita Rani and her dad mistaken for REFUGEES filming Celebrity Race Across The World after asking hotel staff about Mexican border
Anita Rani and her father Bal Singh Nazran have revealed how they were mistaken for refugees by hotel staff in Mexico during filming for the new Celebrity Race Across The World series.