Microsoft and OpenAI are in “tough talks” to renegotiate the terms of their multibillion-dollar deal, TechCrunch reports, citing the Financial Times.
OpenAI, which received $13 billion in investment from Microsoft, is planning to restructure and transition to a public corporation format, which could pave the way for an initial public offering.
A key issue is Microsoft’s stake in OpenAI’s new commercial structure. According to sources, the company is willing to give up some of its stake in exchange for expanded access to OpenAI’s technology after 2030. This is important for Microsoft as it integrates OpenAI’s developments into its products, including Copilot.
The negotiations are complicated by growing competition between the companies as OpenAI actively develops its corporate business and its ambitious Stargate infrastructure project. The final terms of the deal have not yet been determined, but its outcome could significantly affect the companies' cooperation.