OpenAI and Microsoft Revise Partnership Terms to Enable Future IPO and Secure AI Technology Access

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OpenAI 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.

A reset of the contract, drafted when…



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OpenAI and Microsoft Revise Partnership Terms to Enable Future IPO and Secure AI Technology Access


OpenAI 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.

A reset of the contract, drafted when…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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