OpenAI, Microsoft Renegotiate Partnership to Open Door for Potential IPO
GeekWire
|
Contributed by: Drex DeFord
Summary
OpenAI and Microsoft are reportedly renegotiating their multibillion-dollar partnership following OpenAI's restructuring into a for-profit public benefit corporation while remaining under its nonprofit parent. Microsoft, which has invested over $13 billion in OpenAI since 2019, may decrease its equity stake in the new structure but gain extended access to OpenAI's technology. The changes might also result in OpenAI sharing a smaller percentage of its revenue with Microsoft, potentially affecting the financial aspects of their collaboration. Additionally, this restructuring could set the stage for an initial public offering for OpenAI in the future.
