Overview

• OpenAI and Microsoft are revising their 2019 partnership agreement, which governs intellectual property access and revenue-sharing until 2030.
• Microsoft, having invested $13 billion in OpenAI, is negotiating to retain equity and secure long-term access to advanced AI technologies beyond the current agreement.
• OpenAI plans to restructure as a Public Benefit Corporation, ensuring its nonprofit board retains majority voting power to safeguard its mission.
• Recent funding rounds totaling $46.6 billion, including SoftBank's $40 billion investment, are contingent on the success of OpenAI's restructuring and IPO plans.
• Regulators in California and Delaware are reviewing the restructuring to ensure compliance with nonprofit oversight requirements.