STORY: Microsoft is prepared to abandon its high-stakes talks with OpenAI over the future of its multibillion-dollar alliance.
That’s according to the Financial Times on Wednesday (June 18).
It said the tech giant could pause negotiations if the two sides aren't able to agree on critical issues, citing people familiar with the matter.
Sticking points reportedly include the size of Microsoft’s future stake in the ChatGPT maker.
The report says Microsoft plans to rely on its existing contract to access OpenAI’s technology until 2030.
The tech giant’s multibillion-dollar investments in OpenAI’s technology have been key in positioning it as a leader in AI.
And as its major backer, the AI start-up requires Microsoft’s approval to convert to a public-benefit company.
OpenAI believes that move will make it easier to raise capital.
Earlier this week, the Wall Street Journal said executives at Sam Altman's firm have considered accusing Microsoft of anticompetitive behavior over their partnership.
Microsoft and OpenAI did not immediately respond to Reuters' requests for comment on the latest news.
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