This episode dives into the high-stakes renegotiation between OpenAI and its biggest backer, Microsoft, as both sides recalibrate their partnership to pave the way for OpenAI’s potential IPO or SPAC. We break down what’s on the table: Microsoft's profit-sharing rights, long-term access to GPT models, and the friction between OpenAI’s nonprofit governance and its for-profit ambitions. With billions at stake and the future of artificial intelligence on the line, this deal could redefine who controls the next era of AI innovation—and how it gets monetized.