Restructuring path: Microsoft president Brad Smith speaks at a conference on digital resilience in Brussels. The tech giant is currently negotiating its contract with OpenAI, including its equity stake and other issues, according to sources. — AP
NEW YORK: After months of public pressure, OpenAI walked back part of its effort to create a more conventional for-profit company, but its restructuring plans still have not received the blessing of a major stakeholder: Microsoft Corp.
Microsoft, which has invested US$13.75bil in the startup, remains the biggest holdout among investors as the ChatGPT maker tries to restructure, according to several people familiar with the matter.
