OpenAI and Microsoft Discuss Funding and IPO Plans

Reported about 21 hours ago

OpenAI is in negotiations with Microsoft to revise their multibillion-dollar partnership, focusing on equity stakes and access to new AI technologies as it prepares for a potential IPO. Microsoft has invested over $13 billion and is considering giving up some equity for future innovations. The discussions include updating earlier agreements made after Microsoft’s initial $1 billion investment in 2019.

Source: YAHOO

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