Summary
- Microsoft and OpenAI are negotiating how much equity the former will receive once OpenAI becomes a for-profit company.
- Microsoft has invested nearly $14 billion into OpenAI, making it the second-most valuable startup in the U.S. after SpaceX.
- Determining equity distribution to CEO Sam Altman, OpenAI employees, and specific governance rights for Microsoft are key issues.
- OpenAI will become a public-benefit corporation with a nonprofit component owning equity in the restructured company.