TLDR · BIG TECH & STARTUPS

OPENAI TOUTS AMAZON ALLIANCE IN MEMO, SAYS MICROSOFT HAS ‘LIMITED OUR ABILITY' TO REACH CLIENTS

cnbc.com4 min read

Summary from the TLDR newsletter

OpenAI's revenue chief, Denise Dresser, recently sent a memo to staff saying that the company's alliance with Amazon was a key growth driver for its enterprise business. The memo said that OpenAI's partnership with Microsoft was foundational to its success, but it limited the startup's ability to meet enterprises' needs. OpenAI's enterprise business makes up 40% of its revenue and is expected to meet parity with its consumer business by the end of the year. The company has been trying to convince investors of its strengthening position as it is gearing up for an initial public offering as soon as this year.