OpenAI and Microsoft are renegotiating the terms of their deal

Makes sense. TechCrunch:

OpenAI is currently in “a tough negotiation” with one of its biggest investors and partners, Microsoft, according to the Financial Times. [...]

The FT says it spoke to multiple sources who describe Microsoft, which has invested $13 billion in OpenAI to date, as a key holdout needed to approve the restructuring.

While the crux of the negotiation is how much equity Microsoft will receive in the new for-profit entity, the companies are also reportedly renegotiating their broader contract, with Microsoft offering to give up some of its equity in exchange for access to OpenAI technology developed after the current 2030 cutoff.

I wonder if they'll renegotiate their wacky definition of AGI as coming into being when OpenAI "develops AI systems that can generate at least $100 billion in profits."