OpenAI and Microsoft agreed to cap total revenue-sharing payments at $38 billion, The Information reports

OpenAI and Microsoft renegotiated their contract last month, agreeing to cap total revenue-sharing payments at $38 billion, according to The Information. The renegotiation allows OpenAI to forge new partnerships with companies such as Amazon and Google.

Microsoft said in April that revenue-sharing payments from OpenAI would continue through 2030 at the same previously agreed percentage, subject to an overall cap. Microsoft's investment in OpenAI, totaling $13 billion since 2019, helped power growth at Azure, Microsoft's cloud-computing business.

The payment cap could help OpenAI present a stronger long-term pitch to investors as it works toward a public offering, which some executives said could take place as soon as the end of this year, according to the report.