The news: OpenAI and Microsoft are reworking the terms of their multibillion-dollar partnership, according to a report from the Financial Times. Background: OpenAI announced last week that it is moving forward with a restructuring plan to create a for-profit public benefit corporation, controlled by its nonprofit parent. OpenAI needs sign-off from Microsoft — which has invested more than $13 billion in the ChatGPT maker since 2019 — to proceed with the plan. What’s new: The Financial Times reported that Microsoft could take a smaller equity stake in the new entity in exchange for extended access to OpenAI’s technology beyond the... Read More