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OpenAI seeks to change the terms of its collaboration with Microsoft, planning to reduce equity and revenue sharing.
[Chain News] PANews, June 17 - According to reports: OpenAI is seeking new financial concessions from its largest shareholder, Microsoft. OpenAI hopes Microsoft will hold about 33% of the shares in the restructured department in exchange for giving up future profit distribution rights. OpenAI wants to modify the existing contract terms with Microsoft, which grant Microsoft exclusive rights to host OpenAI models on its cloud platform. OpenAI hopes that its acquisition of Windsurf will not be bound by the existing contract, which allows Microsoft access to OpenAI’s IP information. OpenAI also hopes to reduce the revenue share shared with Microsoft in the coming years.