Microsoft(US:MSFT) 3 6 Ke·2025-05-07 10:48Core Viewpoint - OpenAI plans to reduce the revenue-sharing percentage with Microsoft by at least half before 2030, aiming to persuade Microsoft to transition to traditional equity instead of revenue sharing [1][3]. Group 1: Revenue Sharing Changes - OpenAI currently shares 20% of its revenue with Microsoft until 2030, but internal documents indicate this could drop to 10% by that time, with projected revenue reaching $174 billion [3][4]. - OpenAI's financial documents suggest that the revenue-sharing percentage with commercial partners could rise to 28% in the coming years, potentially linked to Apple's App Store fees on ChatGPT subscription revenue [3][4]. Group 2: Restructuring Plans - OpenAI is restructuring its profit-making division into a "Public Benefit Corporation" (PBC) to balance profit goals with social value, eliminating previous caps on investor returns [5]. - The restructuring aims to provide investors, including Microsoft, with traditional stock instead of special shares tied to future profit-sharing [5]. Group 3: Ongoing Negotiations - Negotiations between OpenAI and Microsoft are ongoing regarding the shareholding structure in the new framework and the rights to use OpenAI technology in the future [8][11]. - Microsoft has expressed interest in ensuring continued access to OpenAI's technology and has been involved in discussions about how to utilize Azure cloud services effectively [8][11]. Group 4: Historical Context and Partnerships - Since their partnership began in 2019, OpenAI has rapidly expanded its business through ChatGPT and has signed agreements with other tech giants like Oracle, SoftBank, and Apple [3][4]. - OpenAI's relationship with Microsoft has faced tensions, particularly regarding server support for AI model training and deployment, leading OpenAI to seek alternative partnerships [11].