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OpenAI and Microsoft are reportedly in discussions to prepare for the IPO of the company behind ChatGPT. Photo: Financial Times . |
According to the Financial Times , OpenAI and Microsoft are rewriting the terms of their multi-billion dollar cooperation agreement. The negotiations, described as "tense," aim to help the ChatGPT maker conduct a future initial public offering (IPO) while also protecting Microsoft's access to advanced artificial intelligence models.
Microsoft, OpenAI's largest investor, is among those hesitant about the startup's $260 billion corporate restructuring plan. The software giant fears this will steer OpenAI away from its original origins as a non-profit organization with a mission to develop AI for the benefit of humanity.
According to the same source, a key issue in the discussions is how much equity Microsoft will receive if the creator of ChatGPT is restructured. To date, the Redmond-based tech company has invested more than $13 billion in OpenAI.
The current contract between the two parties is valid until 2030, and Microsoft has access to OpenAI's intellectual property such as models and products, as well as a share of revenue from product sales.
The Financial Times, citing internal sources, reported that Microsoft is offering to divest a portion of its stake in OpenAI's newly profitable business. In return, the company is offering access to new technologies developed after 2030.
This is considered a crucial deal for OpenAI's restructuring efforts and could determine the future of a company that is a pioneer in large-scale language modeling technology.
Previously, on May 6, OpenAI chairman Bret Taylor stated that the company was abandoning its consideration of converting its operating model to a for-profit type of business after "listening to input from civic leaders and engaging in constructive dialogue with the Delaware Attorney General's office and the California Attorney General's office."
According to The Verge , both attorneys general have the authority to oversee OpenAI's non-profit status and may have blocked the company's restructuring plan, which had been publicly opposed by Elon Musk, Meta, and others.
OpenAI's non-profit board of directors, who previously fired CEO Sam Altman, will continue to oversee the company's commercial subsidiary. This subsidiary is being transformed from a limited-profit, for-profit model to a public welfare company.
Source: https://znews.vn/cha-de-chatgpt-tim-cach-ipo-post1552688.html
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