Overview
- OpenAI and Microsoft issued a joint statement confirming a nonbinding letter of intent that frames talks for a new definitive agreement.
- Negotiations address revised financial terms, technology access and revenue sharing, and a prior AGI access clause has been altered with details undisclosed.
- The partners continue to operate under a 2019 contract said to run through 2030, which OpenAI seeks to unwind to enable its restructuring.
- OpenAI’s nonprofit overseer will be bolstered with an equity stake worth about $100 billion in the restructured company, according to chair Bret Taylor.
- Microsoft has invested more than $13 billion since 2019 with reports of claims on 49 percent of future profits, while it builds its own AI models and works with firms such as Anthropic.