New Delhi, May 7 -- ChatGPT maker OpenAI has told investors that it plans to give its major backer Microsoft a smaller revenue share by 2030, according to a report from The Information. The news of OpenAI's plans to reduce Microsoft's share of its revenue comes shortly after the company reversed its decision to take control of the organization from its non-profit arm.

Under the new plan, OpenAI plans to turn its for-profit arm into a separate public benefit corporation (PBC), but the non-profit would retain control over it and will be a major shareholder. The new move is intended to allow the AI startup to receive additional funding to stay relevant in the AI race, while keeping the non-profit goal more or less intact.

Shortly after the...