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

OpenAI established a for-profit arm valued at $500 billion Tuesday, doing so through a long-anticipated corporate restructure that provides Microsoft with a large stake in the new company as it looks to expand on its rapidly expanding artificial intelligence offerings.

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

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

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.

Thinking Machines Lab challenges OpenAI’s scaling-first approach to artificial intelligence, arguing that true superintelligence will emerge from systems that can learn — not just compute.

AI companyy said the new browser is now available on Apple laptops that run on macOS and will expand to other platforms soon.