Microsoft CEO Satya Nadella on Exploiting New OpenAI Deal
Microsoft CEO Satya Nadella addressed Wall Street analysts on Wednesday regarding the revised OpenAI partnership. He emphasized the deal is a win-win, noting Microsoft retains royalty-free access to OpenAI's IP through 2032 and plans to 'exploit' it. Despite losing exclusivity, Nadella downplayed concerns, highlighting Microsoft's AI business reached $37 billion annual revenue run rate, up 123% year-over-year. He also noted OpenAI remains a large customer, committed to buying over $250 billion in cloud services, and Microsoft holds a 27% stake. Nadella stressed Microsoft offers the broadest model selection, with over 10,000 customers using multiple models.
Key facts
- Microsoft CEO Satya Nadella spoke on Wednesday about the revised OpenAI partnership.
- Microsoft retains royalty-free access to OpenAI's IP through 2032.
- Nadella said Microsoft plans to 'exploit' the access.
- Microsoft's AI business reached $37 billion annual revenue run rate, up 123% year-over-year.
- OpenAI committed to buying over $250 billion in Microsoft cloud services.
- Microsoft holds a 27% stake in OpenAI.
- Microsoft offers the broadest selection of models, with over 10,000 customers using multiple models.
- The new deal removes Microsoft's exclusivity on OpenAI's tech.
Entities
Institutions
- Microsoft
- OpenAI
- Amazon
- AWS
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