<ul><li>OpenAI is reworking its agreement with Microsoft, with a focus on a potential IPO and retaining Microsoft's access to AI models.</li><li>Microsoft is a critical player in OpenAI's restructuring to become a public benefit corporation while aiming to turn a profit and stay true to its mission of AI for humanity.</li><li>Discussions include negotiations on the equity Microsoft will receive in the restructured OpenAI, in exchange for its significant investments.</li><li>The companies are revising a contract till 2030, covering IP access and revenue sharing, with Microsoft willing to trade equity for tech access beyond 2030 amidst cooling relations.</li></ul>

OpenAI and Microsoft Reportedly Rework Pact Ahead of Possible IPO

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