OpenAI and Microsoft cap revenue-sharing payments at $38 billion ahead of possible IPO: Report

OpenAI and Microsoft have agreed to cap total revenue-sharing payments between them at $38 billion, The Information reported on Monday, citing a person with knowledge of the arrangement, as the two companies complete a renegotiation of their landmark partnership that could pave the way for OpenAI’s public offering as early as the end of this year.

What the $38 Billion Cap Means for OpenAI and Microsoft