I have accidently lied about my GPA what should I do , should i cancel my offer or ride with the punches

Okay, so this is what happened before I get shat on.  The minimum GPA requirement was a GPA of 3.4 my GPA was 3.4 at the time I sent in my CV. I fucking flunked my last exam and got bumped down to a 3.2. I have already accepted and starting in July background checks arent done yet if I come clean I'm sure I will lose the internship as it's my last year to get one and it is too late for another should I just risk it? Also by the time, I am mid-way through the internship my grades should be above 3.4 as I aced these assignments and exams. 

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