Is the OpenAI IPO coming? Microsoft plays a key role
Software giant Microsoft and ChatGPT provider Open AI are currently negotiating a reorientation of their partnership. If an agreement is reached, this could pave the way for a future IPO for Open AI. However, Microsoft doesn't want to lose access to the latest AI technologies.
As the Financial Times (FT) reports, citing people familiar with the matter, discussions are currently underway regarding the terms of their multi-billion dollar partnership. The goal is to enable the ChatGPT developer to pursue a future IPO while securing the software giant's access to cutting-edge artificial intelligence models. A critical point in the discussions is how much Microsoft will receive in return for the more than $13 billion it has invested in OpenAI to date. According to several people familiar with the negotiations, the two companies are also revising the terms of a more comprehensive agreement that was drawn up in 2019, when Microsoft first invested $1 billion in OpenAI, and runs until 2030. OpenAI's market value is currently estimated at around $260 billion.
Microsoft's stock has corrected significantly in recent months since its interim high of $456.16 in December of last year. By early April, the stock had fallen to just under $345. Since then, however, the stock has begun a strong recovery, breaking above the 200-day moving average at the beginning of May. Strong first-quarter figures also helped support this trend. Now, at $438.73, the stock is trading just below its December high. And the all-time high of $468.35, reached in July of last year, is not far behind.
Microsoft stock clearly remains an attractive investment for long-term investors. An attack on the aforementioned highs in the coming weeks is very likely. Investors who have invested in the stock are sticking with it.
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