As OpenAI eyes a public offering, discussions with Microsoft focus on future technology access and investment structures.

OpenAI and Microsoft are rewriting terms of their multibillion-dollar partnership in a negotiation designed to allow the ChatGPT maker to launch a future IPO, while protecting the software giant's access to cutting-edge AI models,

The high-stakes discussions, first reported by The Financial Times, come at a time when OpenAI is looking to restructure itself as a public benefit corporation in order to attract billions of dollars in additional funding required to fuel the development of more powerful artificial intelligence.