OpenAI, Microsoft reportedly hire banks to renegotiate partnership terms
The Wall Street Journal today cited sources as saying that OpenAI is being advised by Goldman Sachs. Microsoft, in turn, has reportedly hired Morgan Stanley. The two banks previously participated in a deal that gave the ChatGPT developer access to a $4 billion revolving line of credit.
OpenAI has tried to change its deal with Microsoft; Microsoft has tried hedging its bet on OpenAI. The “best bromance in tech ...
Microsoft and OpenAI are reportedly negotiating over how much equity the former will get in OpenAI once OpenAI converts to a ...
The two companies have hired investment banks to help negotiate how much equity Microsoft gets when OpenAI becomes a ...
OpenAI and Microsoft are in critical talks to convert Microsoft’s $14 billion investment into equity as OpenAI becomes a ...
The New York Times on Thursday published a look at the "fraying" relationship between OpenAI and its investor, partner, and, ...
OpenAI and Microsoft are negotiating Microsoft's $14B investment for equity in OpenAI, now a for-profit corp. OpenAI's ...
Microsoft had already pumped $13 bn into OpenAI, and Nadella was initially willing to keep the cash spigot flowing. But after ...
According to a Wall Street Journal report, OpenAI and Microsoft (MSFT) have engaged an external adviser to determine the ...
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