OpenAI plans to decrease the share of revenue it pays to Microsoft by 2030, expecting to lower it from 20% to 10%.
OpenAI will change its for-profit arm to a public benefit corporation controlled by the nonprofit division.
Microsoft has invested billions in OpenAI and has a contract with revenue-sharing agreements until 2030, along with rights to OpenAI's IP and exclusivity on its APIs on Azure.
Microsoft has not yet approved OpenAI's proposed corporate structure, wanting to safeguard its substantial investment, as per Bloomberg's report.