OpenAI plans to cut Microsoft revenue share after restructuring: Report

OpenAI has told investors it will share a smaller fraction of revenue with major backer Microsoft as it moves ahead with its restructuring, The Information reported on Tuesday.

The ChatGPT-maker has dialled back a significant restructuring plan, with its nonprofit parent retaining control in a move that is likely to limit CEO Sam Altman’s power over the firm.

In financial projections shared with investors, OpenAI said the percentage of revenue shared with Microsoft would drop by at least half by the end of this decade, the report said.

In an existing…