Reported 2 days ago
Microsoft and OpenAI are in challenging negotiations regarding their partnership, as reported by the Financial Times. OpenAI is restructuring to establish a for-profit public benefit corporation while its nonprofit board retains control. Microsoft, having invested $13 billion in OpenAI, is crucial for approving this change, particularly concerning the equity it will receive in the new entity. Furthermore, the companies are revisiting their contract, with Microsoft potentially sacrificing some equity for access to future OpenAI technology amidst a growing competitive landscape.
Source: YAHOO