OpenAI and Microsoft have agreed to cap total revenue‑sharing payments at $38 billion, per The Information report.
The cap aims to improve OpenAI’s financial picture as it prepares for a potential IPO by the end of 2026.
The renegotiated contract, signed last month, also allows OpenAI to explore new partnerships with Amazon and Google.
OpenAI is simultaneously slashing costs to strengthen its balance sheet ahead of the IPO.