May 6 (Reuters) - OpenAI has told investors it will
share a smaller fraction of revenue with major backer Microsoft ( MSFT )
as it moves ahead with its restructuring, The
Information reported on Tuesday.
The ChatGPT-maker has dialed back a significant
restructuring plan, with its nonprofit parent retaining control
in a move that is likely to limit CEO Sam Altman's power over
the firm.
In financial projections shared with investors, OpenAI said
the percentage of revenue shared with Microsoft ( MSFT ) would drop by at
least half by the end of this decade, the report said.
In an existing deal, OpenAI has agreed to share 20% of its
revenue with Microsoft ( MSFT ) through 2030, the Information reported.
OpenAI told some potential and current investors that it
would only share 10% of revenues with commercial partners
including Microsoft ( MSFT ) by 2030, the report said, citing private
documents, adding that Microsoft ( MSFT ) wants access to OpenAI's
technology beyond 2030.
In January, Microsoft ( MSFT ) changed some key terms of a deal with
OpenAI after its joint venture with Oracle and Japan's
SoftBank Group to build up to $500 billion of new
artificial intelligence data centers in the United States.
Microsoft ( MSFT ) has said it has "revenue sharing agreements that
flow both ways" with OpenAI, with the key elements of the
partnership remaining in place for the duration of the contract
through 2030.
"We continue to work closely with Microsoft ( MSFT ), and look
forward to finalizing the details of this recapitalization in
the near future," an OpenAI spokesperson told The Information.
OpenAI and Microsoft ( MSFT ) did not immediately respond to Reuters'
requests for comment outside regular business hours.