Microsoft is ready to desert its high-stakes negotiations with OpenAI over the longer term of its alliance, the Financial Times reported Wednesday.
The tech giant has considered pausing discussions with the ChatGPT maker if the 2 sides remain unable to agree on critical issues resembling the scale of Microsoft’s future stake in OpenAI, the report said, citing people conversant in the matter.
The corporate plans to depend on its existing industrial contract to take care of access to OpenAI’s technology until 2030, in keeping with the FT report.
Microsoft and OpenAI didn’t immediately reply to Reuters’ requests for comment.
OpenAI executives have considered accusing Microsoft of anticompetitive behavior of their deal, the Wall Street Journal reported on Monday, adding that each the businesses are discussing revising the terms of Microsoft’s investment, including the longer term equity stake it should hold within the AI startup.
“Talks are ongoing and we’re optimistic we are going to proceed to construct together for years to return,” the businesses said in a press release in response to the WSJ report.
Microsoft’s multi-billion dollar investments into OpenAI has been a key think about positioning it as a number one player in the unreal intelligence space.
OpenAI requires approval from Microsoft, its major backer, to finish its transition right into a public-benefit corporation, which it believes will make it easier to lift more capital.
