OpenAI reportedly seeks big cuts to Microsoft revenue share
OpenAI is making some big changes.
On Monday, the company announced it was abandoning its plan to restructure itself, and is now moving forward with more modest changes to clear the way for future moves, like a potential IPO.
But OpenAI also has plans for some big changes to its $14 billion deal with Microsoft, including big cuts to the revenue sharing agreement it has with the tech giant.
According to The Information, OpenAI is seeking to halve the revenue it shares with Microsoft. Currently, the deal says that OpenAI will share 20% of its revenues with Microsoft until 2030. The report says OpenAI has been telling investors that number will drop to 10% by 2030.
Despite staggering costs, OpenAI has made some very optimistic forecasts for its future revenue, including possibly offering $20,000 per month “PhD-level agents.” OpenAI is expecting its revenue to triple this year to $12.7 billion.
The deal has been at the center of much speculation about tensions between the two companies and their CEOs.
According to The Information, OpenAI is seeking to halve the revenue it shares with Microsoft. Currently, the deal says that OpenAI will share 20% of its revenues with Microsoft until 2030. The report says OpenAI has been telling investors that number will drop to 10% by 2030.
Despite staggering costs, OpenAI has made some very optimistic forecasts for its future revenue, including possibly offering $20,000 per month “PhD-level agents.” OpenAI is expecting its revenue to triple this year to $12.7 billion.
The deal has been at the center of much speculation about tensions between the two companies and their CEOs.
