OpenAI and Microsoft Set $38 Billion Revenue Share Cap

Odaily Planet Daily News OpenAI and Microsoft (MSFT.O) have reached an agreement to set a $38 billion cap on their total revenue sharing payments. This development stems from the renegotiation of a contract between OpenAI and Microsoft 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 may help OpenAI present a more attractive long-term growth outlook to investors. Currently, the company is progressing 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. (Jin Shi)