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Investing.com-- OpenAI plans to severely reduce the amount of revenue shared with Microsoft (NASDAQ:MSFT), The Information reported on Tuesday, as the artificial intelligence startup undergoes a major restructuring.
OpenAI plans to reduce its revenue shared with Microsoft by at least 50% by the end of the decade, the report said. This comes as OpenAI undergoes a sweeping restructuring, which major investor Microsoft still needs to sign off on.
The company had earlier this week signaled that it will no longer seek to convert into a for-profit enterprise, although it will still restructure to allow for more capital raising.
The Information report also comes amid increased speculation that Microsoft is quietly tapering off its partnership with OpenAI, especially as the AI startup recently announced a major capital investment from Japan’s SoftBank (TYO:9984).
OpenAI and Softbank (OTC:SFTBY) announced a $500 billion venture to build more AI data centers in the U.S., with Microsoft playing a limited role in the project.
Microsoft is still OpenAI’s biggest investor, having backed the firm since at least 2019. OpenAI’s flagship GPT models are used across Microsoft’s AI offerings.