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Microsoft gained $7.6B from OpenAI last quarter
['Julie Bort', 'Venture Editor', "Sean O'Kane", 'Russell Brandom', 'Connie Loizos', 'Sarah Perez', 'Zack Whittaker', 'Lorenzo Franceschi-Bicchierai', '--C-Author-Card-Image-Size Align-Items Center Display Flex Gap Var', 'Media']
TechCrunch
Microsoft and OpenAI may have a notoriously rocky relationship but as OpenAI experiences never-before-seen revenue growth, Microsoft, one of its major investors, is benefiting greatly.
OpenAI reportedly has a 20% revenue share agreement with Microsoft (though neither company has ever publicly confirmed that).
In September, Microsoft and OpenAI renegotiated some of the terms of their deal when OpenAI restructured into a public benefit corporation.
Those obligations leaped to $625 billion from $392 billion in the previous quarter.
Its Microsoft Cloud revenue hit $50 billion this quarter for the first time.