Openai believes it reports that it has lowered revenues to its close Microsoft, both investors and partner Microsoft, by 2030, and cited financial documents.
The news comes after Openai changed its tack on a major restructuring plan to pursue a new plan that will continue to be managed by nonprofit organizations, while the for-profit sector will become the Public Benefits Corporation (PBC).
Openai has now agreed to share 20% of its top line with Microsoft, but the AI company expects investors to share 10% of its revenue with business partners, including Microsoft, by the end of the decade, information reports.
Microsoft has invested hundreds of billions in Openai, and the companies are currently under contract until 2030, including revenue sharing from both parties. The agreement also gives Microsoft’s rights to Openai IP within AI products and the exclusiveness of Openai APIs on Azure.
Microsoft has yet to approve the corporate structure proposed by Openai, Bloomberg reported Monday.
Openai and Microsoft did not immediately return requests for comment.