May. 12 at 2:37 AM
OpenAI and Microsoft have agreed to cap revenue-sharing payments at
$38 billion, according to a report published Monday by The Information.
The payment cap could help OpenAI improve how its financial outlook is perceived by investors as the company moves closer to a potential IPO. According to the report, some executives believe a public listing could happen as early as the end of this year.
Last month, OpenAI and Microsoft renegotiated their partnership agreement, a move that may give the AI company greater flexibility to pursue additional strategic partnerships with major cloud providers and technology firms, including Amazon and Google.
The revised agreement also reflects OpenAI’s broader effort to reduce costs, improve margins, and strengthen its financial position ahead of a possible stock market debut, while continuing to scale its AI infrastructure and commercial operations.
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