OpenAI’s IPO Dream Gets Massive Boost As Microsoft Reportedly Agrees To $38 Billion Revenue Cap— Nadella Says ‘Very Proud’ Of Early Bet

OpenAI and Microsoft Corp. (NASDAQ:MSFT) have reportedly agreed to cap their total revenue-sharing payments at $38 billion.

This cap could potentially strengthen OpenAI’s long-term appeal to investors as it gears up for a public offering, which might occur as early as the end of this year, reported The Information on Monday.

OpenAI and Microsoft did not immediately respond to Benzinga‘s request for comments.

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