OpenAI CEO Sam Altman wants to convert the artificial intelligence developer, which is governed by a nonprofit, into a for-profit corporation. His biggest hurdle is Microsoft (MSFT), which has an outsized influence on the process after having committed more than $13B to OpenAI, The Information’s Amir Efrati and Stephanie Palazzolo report. The companies have been negotiating potential changes in OpenAI’s structure since October. Those talks have focused on four areas, namely Microsoft’s equity stake in the for-profit entity; whether Microsoft will continue to be OpenAI’s exclusive cloud provider; how long Microsoft will maintain rights to use its intellectual property in products and releases; and whether Microsoft will continue to take 20% of OpenAI’s revenue, according to a person familiar with the matter.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MSFT:
- A Guide to Investing in AI and the Energy Driving Big Tech’s Transformation
- Microsoft (MSFT)-Backed OpenAI Explores Building Its Own Humanoid Robot
- OpenAI considers developing humanoid robot, The Information says
- 3 “Strong Buy” AI Stocks Set to Soar in 2025
- TSLA, META, and AVGO See Their Weights Drop after Nasdaq 100 Index Rebalances
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
