OpenAI may make a ‘not-so-happy’ Microsoft announcement, a flat 50% cut
OpenAI intends to significantly reduce the percentage of revenue it shares with Microsoft, its major investor, according to financial projections recently shared with investors. The ChatGPT maker reportedly plans to cut Microsoft’s share from the current 20% to approximately 10% by the end of this decade.The Information reported Tuesday that OpenAI has communicated these plans to both current and potential investors through private documents. This development comes just one day after OpenAI announced it would maintain nonprofit control while restructuring its for-profit arm as a public benefit corporation.
“We continue to work closely with Microsoft, and look forward to finalizing the details of this recapitalization in the near future,” an OpenAI spokesperson told The Information.