OpenAI sees itself paying a lower share of revenue to its investor and close partner Microsoft by 2030 than it currently does, The Information reported, citing financial documents.
The news comes after OpenAI this week changed tack on a major restructuring plan to pursue a new plan that would see its for-profit arm becoming a public benefit corporation (PBC) but continue to be controlled by its nonprofit division.
OpenAI currently has an agreement to share 20% of its top line with Microsoft, but the AI company has told investors it expects to share 10% of revenue with its business partners, including Microsoft, by the end of this decade, The Information reported.
Microsoft has invested tens of billions in OpenAI, and the two companies currently have a contract until 2030 that includes revenue sharing from both sides. The deal also gives Microsoft rights to OpenAI IP within its AI products, as well as exclusivity on OpenAI’s APIs on Azure.
Microsoft has not yet approved OpenAI’s proposed corporate structure, Bloomberg reported on Monday, as the bigger tech company reportedly wants to ensure the new structure protects its multi-billion-dollar investment.
OpenAI and Microsoft did not immediately return requests for comment.
Source: https://techcrunch.com/
