News Summary

OpenAI, the company behind the AI model ChatGPT, is in high-stakes negotiations with Microsoft to unlock new funding and restructure their partnership. The discussions aim to allow OpenAI to launch a future IPO while protecting Microsoft’s access to cutting-edge AI models. Microsoft has already invested $13 billion in OpenAI, and a key point of the negotiations is how much equity Microsoft will receive in the newly formed for-profit entity that OpenAI is planning to become.