OpenAI in talks with Microsoft for new funding, future IPO: FT report

OpenAI, backed by Microsoft's $13 billion investment, is reportedly renegotiating its deal with the software giant. The aim is to restructure into a for-profit entity and potentially pursue an IPO in the future. Microsoft may relinquish some equity in exchange for continued access to OpenAI's cutting-edge AI technology beyond the current contract's 2030 expiration.