Microsoft Corp (NASDAQ:MSFT) is prepared to walk away from talks with OpenAI over the future of their multibillion-dollar partnership, according to a report from the Financial Times.
The company is considering pausing negotiations with the ChatGPT-maker if the two sides cannot agree on key issues such as the size of Microsoft’s future stake in OpenAI, the report said.
Sources told The Financial Times that Microsoft plans to rely on its existing commercial contract to continue to access OpenAI’s technology until 2030.
The talks appear to have broken down following a Wall Street Journal report on Monday, which claimed that OpenAI executives have considered accusing Microsoft of anticompetitive behaviour regarding the deal.
"Talks are ongoing and we are optimistic we will continue to build together for years to come," the companies said in a statement in response to the WSJ report.
Neither Microsoft or OpenAI have commented on the Financial Times report.