(Reuters) – OpenAI has projected that by the tip of the last decade will probably be sharing about 8% of its income with industrial companions, particularly Microsoft, down from the present 20%, The Info reported on Friday.
The distinction between these figures provides as much as greater than $50 billion in extra income OpenAI would maintain for itself, the report mentioned.
The report was not clear if that was an accumulative or annual determine. OpenAI and Microsoft didn’t instantly reply to Reuters requests for remark.
The 2 corporations are additionally negotiating how a lot OpenAI should pay to hire servers from Microsoft, the report mentioned, citing an individual briefed on the discussions.
Microsoft and OpenAI mentioned on Thursday they’ve signed a non-binding deal for brand new relationship phrases that might enable OpenAI to restructure itself right into a for-profit firm.
OpenAI mentioned underneath present phrases, its nonprofit arm will obtain greater than $100 billion – about 20% of the $500 billion valuation it’s looking for in non-public markets – making it one of many world’s most well-funded nonprofit operations, in line with a memo from Bret Taylor, chairman of OpenAI’s nonprofit board.
(Reporting by Gnaneshwar Rajan in Bengaluru; Enhancing by Himani Sarkar and Tom Hogue)
