Microsoft says it does not own any portion of OpenAI

FILE PHOTO: A Microsoft sign at the U.S. tech giant's offices in Issy-les-Moulineaux, near Paris, France, January 25, 2023. REUTERS/Gonzalo Fuentes/File Photo

WASHINGTON (Reuters) - Microsoft said in a statement on Friday that it does not own any part of OpenAI, an artificial intelligence powerhouse.

"While details of our agreement remain confidential, it is important to note that Microsoft does not own any portion of OpenAI and is simply entitled to share of profit distributions," said company spokesman Frank Shaw.