OpenAI and Microsoft Set $38 Billion Revenue Sharing Cap

Odaily reports that OpenAI and Microsoft (MSFT.O) have reached an agreement to cap their total revenue sharing payments at $38 billion. This development stems from the two companies renegotiating a contract last month, a move that frees up space for OpenAI to establish new partnerships with companies such as Amazon (AMZN.O) and Google (GOOGL.O).

The report suggests that this payment cap arrangement could help OpenAI present a more attractive long-term growth outlook to investors. Currently, the company is moving towards an initial public offering (IPO). Some executives have indicated that OpenAI could potentially launch its IPO as early as the end of this year. (Jin Shi)