Microsoft Corp. and OpenAI finalized a new agreement in a long-negotiated partnership. Under the new pact, Microsoft will get a 27% ownership stake in OpenAI worth about $135 billion, the companies said in a statement Tuesday. In addition, Microsoft will have access to the artificial intelligence startup’s technology until 2032, including models that achieved the benchmark of AI general intelligence. The world’s largest software maker will no longer have a right of first refusal on OpenAI compute, though the startup has made an additional $250 billion commitment to buy Azure services. Microsoft shares jumped almost 4% in early trading.

Full report : Microsoft gets access to OpenAI tech through 2032, including models post-AGI but excluding consumer hardware; OpenAI can now develop products with third parties.