OpenAI and Microsoft Revise Deal for Future IPO Plan
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OpenAI and Microsoft are renegotiating their partnership to potentially pave the way for an OpenAI initial public offering. The Financial Times reports that Microsoft, which has invested over $14 billion in OpenAI since 2019, may relinquish part of its equity stake in exchange for long-term access to AI models developed post-2030.
The original agreement was structured during OpenAI’s transition from nonprofit to capped-profit status. These revised terms reflect the evolving dynamics between major tech investors and cutting-edge AI developers.
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