OpenAI is facing difficult negotiations with Microsoft, its primary investor, regarding a major restructuring that will transition it into a for-profit public benefit corporation. While the nonprofit board will still oversee this transition, negotiations center on how much equity Microsoft will receive. Additionally, they are revisiting their overall contract relationship, with proposals for Microsoft to exchange some equity for access to OpenAI's future technological developments, amidst a backdrop of increasing competition as OpenAI enhances its business operations.
OpenAI is currently in 'a tough negotiation' with its biggest investor and partner, Microsoft, regarding restructuring and equity in its new for-profit entity.
Sources consider Microsoft as a key holdout needed to finalize OpenAI's restructuring plans while negotiating deeper access to the technology developed by OpenAI.
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