Official announcements from OpenAI or Microsoft, or reputable news sources like WSJ

WSJ: OpenAI and Microsoft in High-Stakes Negotiations Over $14 Billion For-Profit Move

Oct 18, 2024, 09:34 AM

OpenAI and Microsoft are engaged in high-stakes negotiations regarding Microsoft's nearly $14 billion investment in OpenAI, according to WSJ. The discussions focus on how this investment will translate into equity and governance rights as OpenAI transitions into a for-profit entity. Both companies have hired major investment banks to advise on the matter, with Goldman Sachs advising OpenAI and Morgan Stanley advising Microsoft. This negotiation is seen as unprecedented and could significantly impact the future relationship between the two tech giants.