Gold prices steady ahead of Fed decision; weekly weakness noted
Investing.com -- Microsoft (NASDAQ:MSFT) is ready to end negotiations with OpenAI regarding their multibillion-dollar partnership if they cannot reach agreement on key issues, as the ChatGPT creator seeks to transform into a for-profit company, according to the Financial Times.
The software giant might stop discussions if they fail to resolve critical matters, including the size of Microsoft’s future ownership stake in OpenAI, according to sources familiar with Microsoft’s plans.
If talks break down, Microsoft would rely on its existing commercial agreement to maintain access to OpenAI’s technology until 2030, unless a better or equivalent offer emerges.
Microsoft must approve this transition by December 31, or OpenAI risks losing billions in funding from other investors, including SoftBank (TYO:9984).
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.