OpenAI CEO Sam Altman wants to convert the artificial intelligence developer, which is governed by a nonprofit, into a for-profit corporation. His biggest hurdle is Microsoft (MSFT), which has an outsized influence on the process after having committed more than $13B to OpenAI, The Information’s Amir Efrati and Stephanie Palazzolo report. The companies have been negotiating potential changes in OpenAI’s structure since October. Those talks have focused on four areas, namely Microsoft’s equity stake in the for-profit entity; whether Microsoft will continue to be OpenAI’s exclusive cloud provider; how long Microsoft will maintain rights to use its intellectual property in products and releases; and whether Microsoft will continue to take 20% of OpenAI’s revenue, according to a person familiar with the matter.
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