Microsoft and OpenAI are revising their partnership with a new non-binding agreement that could transform OpenAI from a nonprofit into a for-profit entity. This is a significant move as OpenAI seeks new funding and considers going public, according to Reuters.
While both companies are keeping quiet about the money details, they’re hammering out the final terms. The move comes after months of back-and-forth negotiations, with OpenAI seeking to adopt a more traditional business model that will help it attract investors and expand beyond its partnership with Microsoft.
Microsoft has already invested heavily in OpenAI, with $1 billion in...