OpenAI and Microsoft Set $38 Billion Revenue Sharing 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 a renegotiated contract between OpenAI and Microsoft last month, which has created room for OpenAI to establish new partnerships with companies like Amazon (AMZN.O) and Google (GOOGL.O). Reports suggest that this payment cap arrangement could help OpenAI present a more attractive long-term growth outlook to investors. The company is currently moving toward an initial public offering (IPO). Some executives have indicated that OpenAI could potentially launch its IPO as early as the end of this year. (Jin10)