Microsoft and OpenAI are weighing the value of $14 billion.
Microsoft and OpenAI are weighing the value of $14 billion.
Microsoft is figuring out how its $14 billion investment in OpenAI will translate into equity when the AI startup transitions into a for-profit company (this transition must occur within two years, or recent investors in the $6.6 billion round can claw back their investment).
To determine the equity distribution, Microsoft and OpenAI have enlisted Morgan Stanley and Goldman Sachs, respectively.
Source: https://www.theverge.com