Microsoft and OpenAI are renegotiating terms of a multi-billion-dollar partnership to position the AI startup for a future public listing, Financial Times reported Monday. The discussions aim to secure Microsoft’s access to OpenAI’s advanced AI models while adjusting equity stakes in a new for-profit division.

　Microsoft has already invested over $130 billion in OpenAI, creator of ChatGPT. A key focus is how much ownership the tech giant will retain in OpenAI’s restructured commercial entity. Sources say Microsoft may reduce its stake in exchange for guaranteed rights to use AI technologies developed post-2030.

　The talks update a broader agreement originally signed in 2019 when Microsoft first invested $1 billion in OpenAI. The renegotiation follows OpenAI’s recent moves to diversify partnerships, including a $500 billion AI data center project with SoftBank and Oracle.

　Earlier this month, The Information reported OpenAI assured investors that Microsoft’s revenue share would shrink as the company reorganizes. Neither Microsoft nor OpenAI immediately commented on the ongoing negotiations.