When it comes to artificial intelligence (AI), perhaps no one commands more attention than Sam Altman, the CEO of ChatGPT maker OpenAI. On Nov. 3, OpenAI announced a headline-grabbing $38 billion partnership with e-commerce and cloud titan Amazon (NASDAQ: AMZN).

Oracle’s Azure-OCI interconnect and Database@Azure let OpenAI run Oracle databases and GPU compute seamlessly with Azure. Read why ORCL stock is a Buy.

Multi-year collaboration leverages Microsoft Azure OpenAI to transform customer engagement and business operations with Cooper Parry

Now, that all seems to have resolved itself in Microsoft's favor. On Tuesday, OpenAI said it completed its recapitalization and simplified its corporate structure. The non-profit entity is now called the OpenAI Foundation, which has majority control of the for-profit component, OpenAI Group Public Benefit Corp. (PBC).

OpenAI has come to terms on a massive 7-year, $38 billion deal with Amazon Web Services to secure cloud computing capabilities needed to power its suite of advanced AI tools such as ChatGPT and

When the claim that OpenAI was worth $13 billion, Altman pushed back, claiming it's worth way more than that. He believes revenue will continue to grow steeply.

Microsoft and OpenAI on Tuesday said they have reached a new agreement that lets the ChatGPT developer move forward with its plans to transform into a for-profit public benefit corporation.

This January, OpenAI announced Stargate, a $500bn joint venture with cloud provider Oracle (as well as SoftBank, OpenAI, and Abu Dhabi's MGX). At the time, Microsoft said it had a right of first refusal for any cloud contracts.

Microsoft and OpenAI unveil a deal extending IP rights, adding independent AGI verification, and giving both sides more freedom while maintaining Azure ties.

Commitment to invest $38 billion to run its workloads on AWS follows last week’s promise to buy $250 billion of Azure services.

Napster (formerly Infinite Reality), an innovation company powering the next generation of embodied and agentic AI, today announced the next step in its strategic partnership with Microsoft Azure, delivering enterprise-grade agentic AI to an early pilot customer.

Amazon deal still dwarfed by $250B Azure commitment made as part of OpenAI's for-profit transformation OpenAI has signed a seven-year, $38 billion agreement with Amazon Web Services, adding another hyperscaler alongside Microsoft Azure for its growing AI compute needs.