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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The Renegotiated Terms

The partnership terms between Microsoft and OpenAI were renegotiated in April, according to which the software giant will remain OpenAI’s primary cloud partner, with OpenAI products set to launch first on Azure unless Microsoft is unable or chooses not to support required capabilities. However, the Sam Altman-led company now has the flexibility to serve its products ...