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OpenAI Reduces Microsoft Revenue Share

TechCrunch on MSN · 22h

OpenAI expects to cut share of revenue it pays Microsoft by 2030

OpenAI sees itself paying a lower share of revenue to its investor and close partner Microsoft by 2030 than it currently does, per a report.

Reuters on MSN · 1d

OpenAI plans to cut Microsoft revenue share after restructuring, The Information reports

OpenAI has told investors it will share a smaller fraction of revenue with major backer Microsoft as it moves ahead with its restructuring, The Information reported on Tuesday.

Windows Central · 43m

OpenAI wants to cut Microsoft's revenue share by half by 2030 — following Sam Altman's botched for-profit restructure plan

OpenAI is reportedly discussing cutting Microsoft's revenue share in its business from 20% to 10% within this decade.

OpenAI Backtracks, Says Nonprofit Will Retain Control

TechRepublic · 1d

OpenAI Backtracks, Says Nonprofit Will Retain Control: How Did Musk & Microsoft Respond?

OpenAI scraps plans to become fully for-profit, reaffirming nonprofit control after pressure from critics, investors, and state officials.

Los Angeles Times · 1d

LA Times Today: OpenAI says its nonprofit will remain in control of its for-profit business

OpenAI is making a bold push into the entertainment and film industry with a new text-to-video tool called Sora. In an effort to grab Hollywood’s attention, a series of AI-generated short films were screened here in L.

OpenAI says non-profit arm will retain control of firm

Sam Altman said OpenAI would remain under the control of its for-profit board

22m

OpenAI hires InstaCart CEO Fidji Simo for major leadership role

OpenAI announced that it is hiring Instacart CEO Fidji Simo to oversee its product offerings and business operations.

Cryptopolitan21m

Instacart’s CEO tapped to run OpenAI apps as Altman shifts focus to AI safety

Fidji Simo, CEO of Instacart, will join OpenAI as the new CEO of OpenAI applications. She will oversee business operations ...

1h

OpenAI wants to create a public benefit corporation. What does that mean?

The push to restructure reflects OpenAI’s growing business ambitions. Read more at straitstimes.com. Read more at ...

1don MSN

OpenAI Drops For-Profit Move. What It Means for Microsoft Stock.

ChatGPT-maker OpenAI said it scrapped its for-profit conversion plan after discussions with civic leaders and the attorneys ...

Cryptopolitan1d

OpenAI is doing everything in its power to permanently break up with Microsoft

OpenAI is cutting Microsoft’s role down to size. The company told investors that it will start sending less of its money to ...

6h

OpenAI Hires Instacart C.E.O. to Run Business and Operations

Sam Altman, OpenAI’s chief executive, said he hired Instacart’s Fidji Simo to join in a new role as chief executive of ...

1d

‘Microsoft did horrible things to Slack’: Salesforce CEO Marc Benioff warns OpenAI could be next

To understand the context, back when Slack was gaining popularity as a workplace messaging app, Microsoft launched its own ...

1d

Elon Musk’s legal battle against OpenAI continues, despite OpenAI’s attempts to address concerns about its for-profit structure

Billionaire Elon Musk will keep on pursuing his lawsuit against OpenAI despite the AI company announcing modifications to its ...

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