A look at the complex Microsoft-OpenAI alliance structure, which sources say entitles Microsoft to up to 49% of the earnings from OpenAI's for-profit subsidiary (Financial Times)

Financial Times:

A look at the complex Microsoft-OpenAI alliance structure, which sources say entitles Microsoft to up to 49% of the earnings from OpenAI’s for-profit subsidiary  —  ChatGPT-maker quietly clarifies that tech giant has no equity despite $13bn investment — but is in line to make big profits