Aug. 1, 2024
TikTok Pays $20 Million Per Month for OpenAI Models From Microsoft
TMTPOST--TikTok was paying Microsoft almost $20 million per month to access OpenAI’s models as of March, making up nearly a quarter of the revenue generated by its increasingly lucrative cloud business, The Information reported citing sources familiar with the matter. Microsoft’s cloud AI business was on track to earn $1 billion in annual revenue, according to The Information, but the report says that TikTok may not need these capabilities this heavily if it develops its own large language model (LLM).
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