OpenAI’s corporate restructuring and multibillion-dollar funding round face delays, largely due to its complex negotiations with primary backer Microsoft. These talks center on renegotiating a commercial contract expiring in 2030. According to The Financial Times, failure to reach an agreement by year-end could jeopardize OpenAI’s potential $10 billion investment from SoftBank. The negotiations involve critical issues, such as Microsoft’s exclusive rights to host OpenAI’s models on its Azure platform, limiting the startup’s partnerships with other cloud services like Google and Amazon Web Services. Additionally, discussions about Microsoft’s access to OpenAI’s intellectual property and a crucial “AGI clause” are ongoing, which could impact future AI developments. A successful deal would allow OpenAI investors to hold equity rather than operate under a profit-sharing model. With potential stakes of 30-35% for Microsoft, ongoing negotiations remain vital for OpenAI’s future funding and IPO plans.
Source link
Share
Read more