PANews June 17 news, according to The Information: OpenAI is seeking new financial concessions from its largest shareholder Microsoft. OpenAI hopes that Microsoft will hold about 33% of the shares in the restructured department in exchange for giving up future profit-sharing rights. OpenAI wants to modify the existing contract terms with Microsoft, which grant Microsoft exclusive rights to host OpenAI models on its cloud platform. OpenAI hopes that its acquisition of Windsurf will not be constrained by the existing contract that allows Microsoft access to OpenAI’s IP information. OpenAI also hopes to reduce the revenue share shared with Microsoft in the coming years.

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