Satya Nadella says he's ready to 'exploit' the new OpenAI deal
TechCrunch • • business
Key Points:
- Microsoft CEO Satya Nadella described the revised OpenAI partnership as mutually beneficial, highlighting that Microsoft retains royalty-free access to OpenAI’s intellectual property through 2032 without paying for it.
- Despite OpenAI forming exclusive AI product partnerships with Amazon, Nadella dismissed concerns about Microsoft losing its AI edge, citing a $37 billion annual revenue run rate for Microsoft’s AI business, up 123% year-over-year.
- Nadella noted that OpenAI remains a significant Microsoft customer, committed to purchasing over $250 billion in cloud services, and Microsoft holds a 27% equity stake in OpenAI.
- He emphasized that enterprises prefer using multiple AI models, and Microsoft offers the broadest selection among hyperscalers, including OpenAI, Anthropic, and open-source models, with over 10,000 customers using more than one model.
