Microsoft (MSFT) Nears New OpenAI Deal: MSFT to Rally?
Microsoft (MSFT) is nearing a new deal with OpenAI to give it access to the latter’s technology and help OpenAI steer away from being “for-profit.” The companies have discussed new terms that would let Microsoft use OpenAI’s latest models and other technology, according to sources close to the negotiated deal. Negotiators have been meeting regularly, and an agreement could come together in a matter of weeks, according to three people with knowledge of the deal. OpenAI Chief Executive Officer Sam Altman and Microsoft CEO Satya Nadella reportedly discussed the restructuring at the Allen & Co. conference in Sun Valley, Idaho, earlier this month. No deal has been finalized, and the negotiations still face some hurdles on both sides. OpenAI and Microsoft to Reach a Compromise? The two tech giants have been at odds over maintaining an existing deal for months. Earlier this summer, rumors emerged that Microsoft and OpenAI could split. The tech giant’s partnership with the Cha...