Microsoft could also work with one or many of OpenAI’s own competitors in its race to hit AGI. Last month, Microsoft began buying AI from OpenAI’s arguably biggest rival, Anthropic, in a move to diversify its AI partnerships; we could see the company work with Anthropic or any number of other startups in the near future.

OpenAI completed its restructuring into a for-profit public benefit corporation, untangling billions of dollars of investment.

Microsoft’s ($MSFT) updated restructuring deal with OpenAI (PC:OPAIQ), which will see the U.S. tech heavyweight take a 27% stake in a for-profit

The artificial intelligence company said the nonprofit that controlled the organization would receive a $130 billion stake in the new company.

The nonprofit will now be known as the OpenAI Foundation, holding an equity stake in the for-profit arm valued at about $130 billion.

Operating as a public benefit corporation will help OpenAI attract investors and compete with other tech giants.

To top it all off, TSMC's stock is relatively well-priced compared to many of its AI peers. The company's shares have a price-to-earnings ratio of 31.5, which is nearly on par with the average P/E ratio of 31 for the S&P 500 index and far lower than the tech sector's 47 average.

In the new agreement, Microsoft gets a 27% stake in OpenAI's for-profit business, the OpenAI Group PBC, worth around $135 billion.