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Microsoft (MSFT) announced on Tuesday that it has revised certain key terms of a deal with OpenAI, following the ChatGPT creator’s joint venture with Oracle (ORCL) and Japan’s SoftBank Group to develop up to $500 billion worth of new AI data centers in the United States.

President Donald Trump gathered the leaders of the “Stargate” effort at the White House on Tuesday to announce the deal, stating that it was intended to help keep the United States ahead of China and other rivals in the global AI race, utilizing chips from Nvidia (NVDA).

Since 2019, Microsoft has had arrangements with OpenAI that gave the Redmond, Washington-based company the exclusive right to build new computing infrastructure for OpenAI. Microsoft, in a blog post, said it has “approved OpenAI’s ability to build additional capacity, primarily for research and training of models.”

A person familiar with the deal said that Stargate is a joint venture structured as new entity in which OpenAI has an equity stake, governance rights and operational control. It will have a separate board appointed by the founding members and its own CEO, this person said. The venture will also have other investors including United Arab Emirates firm MGX.

“The key elements of our partnership remain in place for the duration of our contract through 2030, with our access to OpenAI’s IP, our revenue sharing arrangements and our exclusivity on OpenAI’s APIs all continuing forward,” Microsoft said.

Microsoft also said “OpenAI recently made a new, large Azure commitment that will continue to support all OpenAI products as well as training,” referring to Microsoft’s Azure cloud computing service.

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