CNBC January 21, 2025
Key Points
– Microsoft is losing its designation as the exclusive provider of computing capacity for OpenAI.
– Microsoft said it will now have “right of first refusal” when OpenAI asks for more computing capacity.
– The change in their relationship was disclosed as part of President Donald Trump’s announcement of the Stargate Project, a joint venture with OpenAI, Oracle and Softbank.
Microsoft, the biggest investor in OpenAI and its principal cloud partner, is losing its designation as exclusive provider of computing capacity for the artificial intelligence startup.
In a blog post on Tuesday, Microsoft said that it’s still in a favorable position with OpenAI. Going forward, when OpenAI seeks additional capacity, Microsoft will have the “right of first refusal”...
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