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Microsoft prepared to walk away from high-stakes OpenAI talks
ChatGPT maker’s plans to convert into a for-profit leads software giant to make contingency plans
The software giant has considered halting complex discussions with the $300bn AI start-up if the two sides remain unable to agree on critical issues, such as the size of Microsoft’s future stake in OpenAI, according to people with knowledge of its plans. OpenAI needs a deal with Microsoft to complete a move away from its non-profit origins into a more conventional corporate structure, which it believes will unlock funding and launch an initial public offering. The latter clause refers to a point where OpenAI creates a “highly autonomous system that outperforms humans at most economically valuable work” and is likely to be dropped, as the Financial Times previously reported.
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