OpenAI and Microsoft are currently renegotiating their multi-billion-dollar partnership. This move is part of ongoing discussions related to OpenAI’s plans for future IPOs.
A key point in these negotiations is determining what Microsoft will gain in return for its substantial investment of over $13 billion to date. Sources indicate that Microsoft is proposing to reduce some of its stock holdings in exchange for access to new technologies developed after a 2030 deadline.
These negotiations also involve updates to the original contract that was established when Microsoft first invested $1 billion in OpenAI back in 2019.
Both OpenAI and Microsoft have yet to respond to requests for comments from Reuters.
OpenAI mentioned that details from a recent report will be shared with major investors and supporters.
Earlier this year, Microsoft entered a joint venture with Oracle and Japan’s SoftBank Group, which prompted changes to its agreement with OpenAI. This partnership led to the establishment of a new AI data center in the U.S., valued at up to $500 billion.
