OpenAI and Microsoft Set $38 Billion Revenue Sharing Cap

Odaily reported that OpenAI and Microsoft (MSFT.O) have reached an agreement, setting a $38 billion cap on the total revenue sharing payments between the two parties. This development stems from OpenAI and Microsoft 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).

Reports indicate that this payment cap arrangement could help OpenAI present a more attractive long-term growth outlook to investors. The company is currently moving towards an initial public offering (IPO). Some executives have stated that OpenAI could potentially launch its IPO as early as the end of this year. (Jinshi)