OpenAI (OPENAI) partners with Microsoft (MSFT), caps revenue share
Published on · Source: cnbc.com
AI Summary
Summarized by AI from the source belowOpenAI (OPENAI) and Microsoft (MSFT) have announced a new partnership agreement allowing OpenAI to cap revenue share payments at 20%, continuing until 2030. Microsoft, which has invested over $13 billion in OpenAI since 2019, will no longer make revenue share payments to OpenAI as of this agreement. OpenAI can now offer its products across multiple cloud providers, including Amazon and Google, while Microsoft remains its primary cloud provider. Microsoft's investment in OpenAI's for-profit arm is valued at approximately $135 billion, equating to about 27% ownership on an as-converted diluted basis.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About Microsoft Corporation (MSFT)
Microsoft is a software and cloud-computing giant best known for Windows, Office, and its Azure cloud platform, and a leading investor in enterprise AI.
The Information Technology sector covers hardware, software and semiconductor companies driving the digital economy.
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