Microsoft and OpenAI announced Monday a series of new business partnerships aimed to advance artificial intelligence capabilities in U.S. commerce.
Oct. 28 (UPI) -- Microsoft and OpenAI announced on Monday a series of new business partnerships aimed at advancing artificial intelligence capabilities in U.S. commerce.
Stock value of Microsoft and Apple spiked Tuesday morning pushing both companies over a $4 trillion market cap following the announcement of the Microsoft, OpenAI deal.
Microsoft stock bounced roughly 3% in morning trading.
Microsoft initially hit the $4 trillion threshold in July.
Related
Microsoft takes $3.1 billion hit from OpenAI investment
OpenAI Becomes For-Profit Company In $500 Billion Deal
As OpenAI restructures, Microsoft locks in long-term gains | Fortune
OpenAI restructures into public-benefit firm, Microsoft takes 27% stake
Microsoft reports strong earnings even as Azure outage brings down Xbox and investor pages
OpenAI completes shift to becoming for-profit entity
Fortune Tech: A staggering goal | Fortune
OpenAI's spending bonanza has Wall Street focused on capex in Big Tech earnings reports
OpenAI completes restructure, solidifying Microsoft as a major shareholder
Jim Cramer says OpenAI's corporate overhaul means big business for Microsoft
