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Microsoft eyes major stake once OpenAI becomes for-profit: WSJ
short by Mansi Agarwal / on Saturday, 19 October, 2024
Microsoft and OpenAI are reportedly in talks over the stake the former will get in the AI startup after it converts into a for-profit organisation, the WSJ reported. Microsoft could reportedly get a major stake in exchange for its roughly $14 billion investment in OpenAI. The startup has hired Goldman Sachs as an advisor while Microsoft has hired Morgan Stanley.
read more at NewsBytes