- Openai is reportedly investigating to become public but nonprofit will remain in charge
- Microsoft’s side of the agreement could be affected by a change in structure
- Sam Altman says Openai can’t handle the world’s hunger after AI
Openai and Microsoft are assumed to negotiate their partnership conditions to enable Openai to potentially become public, while Microsoft can continue to access the AI starting technology.
Pakinomist explained that the two companies could be in the midst of rewriting their terms, but Redmond’s extensive commitment to the Chatgpt-Maker’s recent story could be to add additional complexities to any potential stock exchange listing.
Details of the alleged agreement could have significant consequences for Microsoft, which currently has an agreement that gives it access to Openai’s models until the end of the decade.
Exploring the future of their partnership
As a private company, we have no real indication of how much Openai may be worth and how much it wishes to list for, but Microsoft’s estimated $ 13.75 billion dollars in the company is definitely a significant sum.
It is reported that Openai is considering its transformation from a nonprofit to a fully commercial company after pushback from employees, academics and competitors, including Elon Musk.
“Openai was founded as a nonprofit and monitored today and controlled by this nonprofit. In the future it will continue to be monitored and controlled by this nonprofit,” Openai CEO Sam Altman said in a letter to the staff.
“We cannot at the moment not deliver almost as much AI as the world wants, and we have to set use boundaries on our systems and run them slowly,” Altman explained.
The letter describes how the Profit LLC will switch to a public benefit corporation (PBC), just as anthropic and X.AI have done, but the nonprofit division remains in control of the PBC and maintains its position as a “large shareholder.”
Techradar Pro Have asked Microsoft and Openai about the consequences of a potential deal, but none of the company responded to our E -mail.
