Microsoft and OpenAI dueling over artificial general intelligence, The Information reports
Microsoft and OpenAI are at odds over a contractual provision related to artificial general intelligence, The Information reported on Wednesday.
Under the current terms, when OpenAI achieves AGI, Microsoft's access to such a technology would be void. Microsoft wants OpenAI to remove that clause but so far OpenAI has refused, the report said.
The report comes at a time when one of the most pivotal partnerships in the field of AI is under strain.
OpenAI needs Microsoft's approval to complete its transition into a public-benefit corporation. But the two have not been able to agree on details even after months of negotiations, according to sources.
Microsoft partnered with OpenAI in 2019, investing $1 billion to support the startup's development of AI technologies on its Azure cloud platform.
The companies did not immediately respond to Reuters requests for comment. In multiple statements addressing recent media speculation, both have said that discussions are ongoing and they remain optimistic about a long-term partnership.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CNA
an hour ago
- CNA
Meta hires three OpenAI researchers, WSJ reports
Meta Chief Executive Mark Zuckerberg has hired three OpenAI researchers to join his superintelligence efforts, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. The company hired Lucas Beyer, Alexander Kolesnikov and Xiaohua Zhai, who were all working in OpenAI's Zurich office, the report said.
CNA
2 hours ago
- CNA
Bezos spoke to Trump as he tries to seeks more government contracts for Blue Origin, WSJ reports
Blue Origin founder Jeff Bezos spoke to U.S. President Donald Trump at least twice this month as he tries to capitalize on a feud between rival SpaceX founder Musk and Trump and bag more government contracts, the Wall Street Journal reported on Wednesday. The CEO of Blue Origin, Dave Limp, also made a trip to the White House to meet with Trump's chief of staff, the WSJ said, citing people familiar with the matter.
CNA
3 hours ago
- CNA
Dollar hits fresh lows as Trump attacks threaten Fed credibility
SYDNEY :The dollar eased to a fresh 3-1/2-year low on the euro on Thursday as concerns about the future independence of the U.S. Federal Reserve undermined faith in the soundness of the country's monetary policy. According to a Wall Street Journal report, U.S. President Donald Trump had toyed with the idea of selecting and announcing Federal Reserve Chair Jerome Powell's replacement by September or October, aiming to undermine his position. "Markets are likely to bristle at any early move to name Powell's successor, particularly if the decision appears politically motivated," said Kieran Williams, head of Asia FX at InTouch Capital Markets. "The move would raise questions about the potential erosion of Fed independence and potentially weaken credibility," he added. "If this was the case it could recalibrate rate expectations, trigger reassessment of dollar positioning." Trump on Wednesday called Powell "terrible" for not lowering interest rates sharply, while the Fed Chair was telling the Senate that policy had to be cautious as the President's tariff plans were a risk to inflation. Markets have nudged up the chance of a rate cut at the Fed's next meeting in July to 25 per cent, from just 12 per cent a week ago, and are pricing in 64 basis points of cuts by year-end, up from around 46 basis points last Friday. The dollar slipped across the board as the euro gained 0.2 per cent to reach $1.1687, its highest since October 2021. The next chart targets were $1.1692 and $1.1909. Sterling rose 0.2 per cent to $1.3690, its highest since January 2022, while the dollar was at its lowest against the Swiss francs since 2011 at 0.8033. The franc also struck a record peak on the yen around 180.55. The dollar dipped 0.2 per cent on the yen to 144.89, while the dollar index sank to its lowest since early 2022 at 97.491. Trump's chaotic tariff policies are also coming back into focus as the clock ticks down to his July 9 deadline for trade deals. JPMorgan on Wednesday warned the hit from tariffs would slow U.S. economic growth and lift inflation, resulting in a 40 per cent chance of a recession. "The risk of additional negative shocks is elevated, and we expect U.S. tariff rates to move higher," JPMorgan analysts wrote in their report. "The upshot of these developments is that our baseline scenario incorporates the end of a phase of U.S. exceptionalism." The ending of "exceptionalism" has been a major theme in the dollar's decline in recent months, as investors question its dominant reserve currency status and as the main safe haven among currencies. The euro has been a big beneficiary, with investors also hoping that massive new investment in European defence and infrastructure will bolster economic growth across the continent.
