"Microsoft and OpenAI have reached a tentative agreement on the terms of their partnership after disputes over governance and future equity stake threatened to rupture the high-stakes alliance. In a joint statement on Wednesday, the companies said they signed a "non-binding memorandum of understanding (MOU) for the next phase of our partnership." "We are actively working to finalize contractual terms in a definitive agreement. Together, we remain focused on delivering the best AI tools for everyone, grounded in our shared commitment to safety," the statement said.Spokespeople for OpenAI and Microsoft did not respond to a request for comment from Business Insider."
"The deal represents a major development in the partnership between the storied tech titan and a leading AI powerhouse. Microsoft, a crucial source of funding for OpenAI, has invested over $13 billion into the startup, starting back in 2019, in exchange for a contractual claim on future profits. How much Microsoft would get has been one of the few sticking points for the two companies."
Microsoft and OpenAI reached a tentative agreement on partnership terms after governance and future equity stake disputes threatened the alliance. The companies signed a non-binding memorandum of understanding for the next phase of their partnership and said they are actively working to finalize definitive contractual terms. Both companies emphasized a focus on delivering AI tools and a shared commitment to safety. Microsoft has invested over $13 billion in OpenAI since 2019 in exchange for a contractual claim on future profits. Allocation of future profits and Microsoft’s potential stake were primary points of contention. Spokespeople did not respond to a request for comment.
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