Hey there! I’ve got some exciting news for you today. It seems that Sam Altman, the CEO of OpenAI, is hoping to turn his artificial intelligence development company into a for-profit entity. However, there’s one major roadblock in his way – Microsoft. With over $13 billion committed to OpenAI, Microsoft holds significant sway over this potential transformation. The two companies have been in talks since last October regarding four main issues: how Microsoft’s stake in for-profit entities will change, whether they’ll remain the exclusive cloud service provider for OpenAI, how long they can use OpenAI IP for their products, and whether they’ll keep taking 20% of OpenAI’s revenue. While both parties are moving quickly, they face a time crunch due to the risk of investors getting their money back (with interest) if the transition isn’t completed within the next two years. This has created added motivation for employees, who may soon see the chance to buy back some of their stock once the transition becomes profitable. Stay tuned for updates on this developing story!
Source: M.theblockbeats.info
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