Microsoft Is Renegotiating OpenAI Partnership for Future IPO. What It Means for the Stock.
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Microsoft stock rose in premarket trading Monday following a report that the company was revising the terms of its partnership with OpenAI to allow the ChatGPT maker to launch a future initial public offering. The companies also are rewriting the terms of a wider contract that was drafted when Microsoft and OpenAI first unveiled an exclusive partnership in 2019, the Financial Times reported, citing people familiar with the matter. Microsoft and OpenAI didn’t immediately respond to requests for comment from Barron’s.
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