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OpenAI Ends Exclusive Agreement with Partner Microsoft (MSFT.US)
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Microsoft (MSFT.US) and OpenAI announced on Monday a revised cooperation agreement under which Microsoft will cease sharing revenue with OpenAI and will allow OpenAI to provide services to customers of any cloud provider. Under the new agreement, Microsoft will continue to hold licensing rights to OpenAIs IP models and products through 2032, but the license will be non-exclusive. The two companies stated that the revenue-sharing payments made by OpenAI to Microsoft will be subject to a capped total amount, aiming to simplify the complex partnership structure between the two parties. As part of OpenAIs restructuring into a for-profit enterprise last year, Microsoft obtained a 27% equity stake in the company. (sw/t) Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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