Microsoft and OpenAI renegotiate investment deal: Report
News of the deal follows restructuring plans from OpenAI to focus on a public benefit corporation controlled by a non-profit organization.
Tech company Microsoft and artificial intelligence firm OpenAI are reportedly in talks to renegotiate the investment deal between the AI firm and Microsoft, which is OpenAI’s biggest financial backer.
According to a report from the Financial Times, Microsoft may give up a portion of its equity in OpenAI for continued access to the AI company’s products and models beyond 2030, when some of the original terms of a deal signed between the two companies expire.
Microsoft has invested over $13 billion into OpenAI since 2019, when it first acquired an interest in the artificial intelligence firm.