10:16 AM EST, 12/06/2024 (MT Newswires) -- Microsoft ( MSFT )-backed (MSFT) OpenAI is in talks to get rid of a clause that prevents Microsoft ( MSFT ) from getting access to its most advanced technology when OpenAI reaches "artificial general intelligence," the Financial Times reported, quoting unnamed sources with knowledge of the matter.

OpenAI defines AGM as a "highly autonomous system that outperforms humans at most economically valuable work." OpenAI is mulling removing the clause from its structure, which would allow Microsoft ( MSFT ) to keep investing in and accessing all of its technology, even after AGI is achieved, the FT said. A final decision on the matter has not been reached and other options are on the table, the report said, adding OpenAI is currently restructuring to become a public benefit corporation instead of a not-for-profit research lab.

Ditching the provision would unlock billions of dollars of potential investment from Microsoft ( MSFT ), the report said, adding that it's up to OpenAI's board to decide when AGI is reached.

Microsoft ( MSFT ) and OpenAI didn't immediately respond to requests for comment by MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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