TechFlow news, May 11 — According to the Financial Times, OpenAI and Microsoft are in talks to unlock new funding and plan for a future IPO. A key issue in the negotiations is how much equity the restructured company will grant to Microsoft in return for its more than $13 billion investment to date.
Multiple sources familiar with the matter said the two parties are also revising terms of a broader partnership agreement initially established in 2019 when Microsoft first invested $1 billion into OpenAI. The contract is currently valid until 2030 and covers Microsoft’s rights to use OpenAI's models and intellectual property, as well as revenue sharing from product sales.
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