ByteDance Ltd.'s TikTok was paying close to $20 million per month to Microsoft Corporation in order to obtain OpenAI’s artificial intelligence models, The Information reported on Wednesday citing a source familiar with the matter.
The source, who looked at Microsoft's internal financial documents, shared that the sum TikTok paid makes up nearly 25% of the tech giant's total revenue generated from this specific business.
However, The Information further mentioned that having such a big customer could backfire, as TikTok and its parent company are looking to potentially develop their own AI technology.
