OpenAI, Microsoft in Talks to Reset High-Stakes Partnership: FT
OpenAI is backtracking on plans to convert from a nonprofit into a more conventional moneymaking enterprise.
Photographer: David Paul Morris/BloombergOpenAI and Microsoft Corp. are revising the terms of their partnership that will enable the ChatGPT maker to go public at a future date while preserving the software giant’s access to artificial intelligence technology, the Financial Times reported Sunday.
Microsoft is offering to give up some of its equity stake in OpenAI’s new for-profit business in exchange for accessing new AI models developed beyond 2030, when a key contract runs out, the newspaper cited people familiar with the negotiations as saying.