[BENGALURU] OpenAI has projected that by the end of the decade it will be sharing about 8 per cent of its revenue with commercial partners, namely Microsoft, down from the current 20 per cent, The Information reported on Friday (Sep 12).
The difference between those figures adds up to more than US$50 billion in additional revenue OpenAI would keep for itself, the report said.
The report was not clear if that was an accumulative or annual figure. OpenAI and Microsoft did not immediately respond to Reuters requests for comment.
The two companies are also negotiating how much OpenAI will have to pay to rent servers from Microsoft, the report said, citing a person briefed on the discussions.
Microsoft and OpenAI said on Thursday they have signed a non-binding deal for new relationship terms that would allow OpenAI to restructure itself into a for-profit company.
OpenAI said under current terms, its non-profit arm will receive more than US$100 billion – about 20 per cent of the US$500 billion valuation it is seeking in private markets – making it one of the world’s most well-funded non-profit operations, according to a memo from Bret Taylor, chairman of OpenAI’s non-profit board. REUTERS
