Search
The artificial intelligence firm OpenAI is revising its financial arrangement with its key investor, Microsoft. It has plans to incrementally decrease Microsoft's share of revenue from the current rate of nearly 20% to approximately 8% by 2030. This strategic shift is anticipated to yield an extra revenue stream exceeding $50 billion for OpenAI, which will be used to offset its computing costs. In exchange, Microsoft is set to obtain one - third of the shares in the reorganized OpenAI entity, yet it will not secure a position on the board. Moreover, the two sides have held in - depth discussions regarding general artificial intelligence applications, server costs, and contract terms. However, it's still uncertain whether these elements have been incorporated into the recent non - binding agreement.
-
C114 Communication Network -
Communication Home
