The Financial Times reported that Openai and Microsoft Corp. are revising the terms of their partnership, which will allow Chatgpt Maker to be public on a future date while retaining access to the software giant’s artificial intelligence technology.
Microsoft is committed to abandoning some of its equity stakes in Openai’s new for-profit business in exchange for access to new AI models developed beyond 2030, when key contracts ran out, the newspaper quoted people familiar with the negotiations.
When Microsoft invested its initial $1 billion in Openai six years ago, the reset of the contract was crucial to reorganizing Microsoft’s multi-billion-dollar startups since then, FT said. It is not clear whether the newspaper contacted Openai and Microsoft for comment on its report.
Openai is considering pressure from a nonprofit to former employees, academia and competitors, including plans for billionaire Elon Musk.
People familiar with the matter told Bloomberg last week that Microsoft remains the biggest insistence as it seeks to ensure that any changes to the Openai structure fully protect its $13.75 billion investment.
