June 16 (Reuters) -
OPENAI SEEKS NEW FINANCIAL CONCESSIONS FROM MICROSOFT, A TOP SHAREHOLDER- THE INFORMATION
OPENAI WANTS MICROSOFT TO HAVE A ROUGHLY 33% STAKE IN RESHAPED UNIT IN EXCHANGE FOR FOREGOING ITS RIGHTS TO FUTURE PROFITS - THE INFORMATION
OPENAI WANTS TO MODIFY EXISTING CLAUSES IN CONTRACT WITH MICROSOFT THAT GIVE CO EXCLUSIVE RIGHTS TO HOST OPENAI MODELS IN ITS CLOUD - THE INFORMATION
OPENAI WANTS TO EXEMPT ITS ACQUISITION OF WINDSURF FROM EXISTING CONTRACT THAT GRANTS MICROSOFT ACCESS TO OPENAI IP- THE INFORMATION
OPENAI ALSO WANTS TO CUT THE AMOUNT OF REVENUE IT SHARES WITH MICROSOFT IN THE COMING YEARS - THE INFORMATION
Source text: https://tinyurl.com/3cuv37un
((Reuters.Briefs@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.