OpenAI has renegotiated its agreement with Microsoft, capping revenue share payments at $38 billion through 2030. This restructuring saves OpenAI an estimated $97 billion compared to previous uncapped terms. Under the new deal, OpenAI will pay Microsoft 20% of its revenue, with a hard cap, regardless of technological milestones or AGI declarations. The agreement also shifts intellectual property rights to a non-exclusive licensing model until 2032, allowing OpenAI to offer its products on any cloud provider, though Azure retains a priority relationship. This change enables OpenAI to access enterprises using Amazon Web Services or Google Cloud, expanding its revenue potential. Microsoft's $13 billion investment in OpenAI is now valued at $135 billion, representing a 27% ownership stake. The cap on payments provides financial predictability for OpenAI, which is reportedly considering an IPO, while Microsoft continues to benefit from its equity stake and revenue share, despite potential impacts on Azure's growth.