OpenAI and Microsoft are rewriting terms of their multibillion-dollar partnership in a negotiation designed to allow the ChatGPT maker to launch a future IPO, while protecting the software giant\u2019s access to cutting-edge AI models, the Financial Times reported on Sunday.<\/p>\n\n\n\n
A critical issue is how much equity in OpenAI\u2019s new for-profit business Microsoft will receive in exchange for the more than $13 billion it has invested in the company to date, the report said.<\/p>\n\n\n\n
It said Microsoft is offering to give up some of its equity stake in exchange for access to new technology developed beyond the 2030 cut-off.<\/p>\n\n\n\n
They are also revising terms of a wider contract, first drafted when Microsoft initially invested $1 billion into OpenAI in 2019, the report said.<\/p>\n\n\n\n
Microsoft declined to comment on the report. OpenAI did not immediately respond to Reuters\u2019 requests for comment.<\/p>\n\n\n\n
OpenAI has told investors it will share a smaller fraction of revenue with its largest backer as it moves ahead with restructuring, The Information reported last week.<\/p>\n\n\n\n
In January, Microsoft changed some terms of a deal with OpenAI after entering a joint venture with Oracle and Japan\u2019s SoftBank Group to build up to $500 billion of new artificial intelligence data centres in the US.<\/p>\n","protected":false},"excerpt":{"rendered":"
OpenAI and Microsoft are rewriting terms of their multibillion-dollar partnership in a negotiation designed to allow the ChatGPT maker to launch a future IPO, while protecting the software giant\u2019s access to cutting-edge AI models, the Financial Times reported on Sunday. A critical issue is how much equity in OpenAI\u2019s new for-profit business Microsoft will receive […]<\/p>\n","protected":false},"author":1,"featured_media":5515,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"pagelayer_contact_templates":[],"_pagelayer_content":"","inline_featured_image":false,"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_3859443944190656_798604363342440":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[2],"tags":[],"class_list":["post-5514","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sci-tech"],"jetpack_publicize_connections":[],"_links":{"self":[{"href":"https:\/\/pakjazbo.com\/index.php?rest_route=\/wp\/v2\/posts\/5514","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pakjazbo.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pakjazbo.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pakjazbo.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pakjazbo.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5514"}],"version-history":[{"count":1,"href":"https:\/\/pakjazbo.com\/index.php?rest_route=\/wp\/v2\/posts\/5514\/revisions"}],"predecessor-version":[{"id":5516,"href":"https:\/\/pakjazbo.com\/index.php?rest_route=\/wp\/v2\/posts\/5514\/revisions\/5516"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pakjazbo.com\/index.php?rest_route=\/wp\/v2\/media\/5515"}],"wp:attachment":[{"href":"https:\/\/pakjazbo.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5514"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pakjazbo.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5514"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pakjazbo.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5514"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}