Lates News

According to the American digital news media "The Information", citing a knowledgeable source on Monday, OpenAI and Microsoft (MSFT.O) have reached an agreement to set a cap on the total revenue split between the two parties at $38 billion. This development comes after OpenAI and Microsoft renegotiated a contract last month, freeing up space for OpenAI to establish new partnerships with companies like Amazon (AMZN.O) and Google (GOOGL.O). The report suggests that this payment cap arrangement may help OpenAI paint a more attractive long-term growth prospect to investors. The company is currently moving towards an initial public offering (IPO), with some executives indicating that OpenAI could potentially go public as early as the end of this year.