<ul><li>OpenAI and Microsoft are renegotiating their partnership, estimated at over $13 billion, to allow OpenAI to pursue a future IPO while safeguarding Microsoft's access to OpenAI's upcoming technology.</li><li>Microsoft's hesitation stems from uncertainties around the equity it will receive in return for its sizable investment, hindering OpenAI's transition to a for-profit corporate structure.</li><li>The renegotiations involve adjusting the terms of a prolonged contract, effective until 2030, outlining Microsoft's rights to OpenAI's intellectual property and revenue sharing from product sales.</li><li>Microsoft may relinquish a portion of its equity in OpenAI's new for-profit business to secure access to forthcoming technologies developed post-2030, crucial for OpenAI's restructuring post-recent funding rounds.</li></ul>

OpenAI, Microsoft ‘Renegotiating’ Deal Around Future IPO

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