OpenAi and Microsoft are rewriting the terms of their multibillionaire partnership in a high -risk negotiation, designed to allow the ChatgPT creator to launch a future IPO, while protecting the giant’s access from software to state -of -the -art artificial intelligence, the Financial Times told Sunday (11).
A crucial question is how capital Microsoft will receive in OpenAi’s new unit for profit in exchange for more than $ 13 billion invested in the company so far, according to the report. The report states that Microsoft is offering itself to give up part of its shareholding in exchange for access to new technologies developed beyond the limit of 2030.
Companies are also reviewing the terms of a broader contract, initially written when Microsoft invested $ 1 billion at OpenAi in 2019, says the report.
OpenAi and Microsoft did not immediately respond to Reuters’ comments requests.
As published by The Information last week, OpenAi told investors that it will divide a lower revenue fraction with its greatest sponsor as it advances with its restructuring.
In January, Microsoft changed some terms of an agreement with OpenAi after entering a joint venture with Oracle and SoftBank Group, to build up to $ 500 billion in new artificial intelligence centers in the United States.
