Microsoft Deal Rewrite Could Save OpenAI $50 Billion Amid Record AI Data Center Spend

Microsoft Deal Rewrite Could Save OpenAI $50 Billion Amid Record AI Data Center Spend

Microsoft Deal Rewrite Could Save OpenAI $50 Billion Amid Record AI Data Center Spend  The Information recently reported that ChatGPT-maker OpenAI has informed shareholders that it expects to reduce the percentage of revenue paid to Microsoft from about 20% today to just 8% by 2030. The shift could save the chatbot startup tens of billions of dollars over the next half-decade as it struggles with soaring compute costs and an accelerating buildou…

OpenAI’s revenue share with Microsoft projected to fall sharply by 2030

OpenAI’s revenue share with Microsoft may see a significant drop by 2030. The Information reported shortly after the ChatGPT creator signed a deal to renegotiate its relationship with the tech giant that OpenAI expects its revenue sharing with Microsoft and other commercial partners to drop to about 8% by 2030 from the current 20%. The adjustment could add up to more than $50 billion in additional revenue for the AI startup, the report said, wit…

Microsoft, OpenAI Renegotiate Deal to Cut $50B in AI Data Costs

In the high-stakes world of artificial intelligence, where computing power is the new oil, Microsoft Corp. and OpenAI are renegotiating their landmark partnership in ways that could slash the startup’s data-center costs by as much as $50 billion over the coming years. This comes amid a frenzy of AI infrastructure spending that’s pushing tech giants to their financial limits, with OpenAI alone projecting expenditures of $115 billion through 2029 …

With Microsoft’s OK, OpenAI Moves Toward Profit with a Public Purpose

A new agreement paves the way for OpenAI’s restructured future, allowing greater fundraising flexibility while maintaining nonprofit oversight… The post With Microsoft’s OK, OpenAI Moves Toward Profit with a Public Purpose appeared first on IMP.NEWS.

OpenAI signs MoU with Microsoft

OpenAI recently signed a non-binding memorandum of understanding (MoU) with Microsoft to agree new terms on their existing partnership. This move was seemingly calculated with the intent to advance the AI company’s plans to restructure. In a short statement, the companies revealed they are working to “finalise contractual terms in a definitive agreement”, while remaining focused on “delivering the best AI tools for everyone”. The announcement ma…