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Microsoft & OpenAI truce clears hurdle in path to for-profit conversion

Microsoft and OpenAI said they have reached a deal to extend their partnership, an apparent detente that could ease the startup’s path toward changing its structure to include a for-profit corporation.

The companies didn’t disclose the terms of the new contract and said the current agreement was nonbinding. It caps a summer of difficult negotiations between the two sides, who helped fuel one another’s rise during the early years of the AI boom but have since grown into competitors

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microsoft, openai