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How much shares in OpenAI will Microsoft get once the former becomes a for-profit company? This is the multi-billion-dollar question, and one that both parties are racing to answer two years before the deadline.
The Wall Street Journal Reports That both Microsoft and OpenAI have hired investment banks to negotiate Microsoft stock — which could be a big deal. The tech giant has reportedly spent nearly $14 billion in OpenAI. As of October, OpenAI is the second most valuable startup in the United States after SpaceX.
Among other issues, Microsoft and OpenAI must determine how much stock will go to CEO Sam Altman and OpenAI employees, as well as what specific governance rights Microsoft will have. Once OpenAI becomes a for-profit corporation, it will become a public benefit corporation, but with a nonprofit component that will own shares in the restructured company.
Negotiations are ongoing with OpenAI’s president, Greg Brockman It is said She plans to return from extended leave as soon as November.
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