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00:02OpenAI plans to cut the share of revenue and pays Microsoft by half before 2030,
00:06according to internal projections cited by Reuters via the information.
00:10Current agreement gives Microsoft 20% of revenue through the end of the decade.
00:14OpenAI reportedly told investors that the figure will fall to 10% under a recapitalization plan
00:19now in progress. An OpenAI spokesperson said the company continues to work closely
00:23with Microsoft and expect to finalize new terms soon. Velvet follows the non-profit
00:28of parents' decision to retain control of OpenAI, as well as Microsoft's recent revision
00:32of its agreement after Oracle and SoftBank proposed a joint AI data center venture.
00:37Microsoft maintains the core elements of its OpenAI partnership for main attack through 2030.
00:42For all things money, visit Benzinga.com slash GSTV.
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