OpenAI's Microsoft contract negotiation is a necessary step toward a future IPO — Altman's goal is to build 30 gigawatts of compute infrastructure, valued at $1.4 trillion

Microsoft and OpenAI have finalised the wording of their working relationship for the next five years and beyond. This brings to a close the negotiations which had held up major investments from Softbank, as well as OpenAI's for-profit restructuring.