OpenAI and Microsoft are in talks to unlock new funding and a future IPO

BlockBeats News, May 11th, according to the Financial Times, OpenAI is in talks with Microsoft to unlock new funding and a future IPO. A key issue in the negotiations is that Microsoft has already invested over $13 billion in OpenAI to date, and the restructured company will grant Microsoft how much equity in return.

According to multiple sources familiar with the matter, the two parties are also revising a broader set of terms in a cooperation agreement that was initially drafted in 2019 when Microsoft first invested $1 billion in OpenAI.

According to multiple sources familiar with the matter, the two parties are also revising a broader set of terms in a cooperation agreement that was initially drafted in 2019 when Microsoft first invested $1 billion in OpenAI. The contract is currently valid until 2030, covering Microsoft's rights to use OpenAI's models, products, and other intellectual property, as well as revenue sharing from product sales.