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OpenAI unrolls commerce deals with Microsoft, PayPal - UPI.com
Microsoft and OpenAI announced Monday a series of new business partnerships aimed to advance artificial intelligence capabilities in U.S. commerce.
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cnbc.com
OpenAI's spending bonanza has Wall Street focused on capex in Big Tech earnings reports
Most of the tech megacaps report quarterly results this week, and investors are particular focused on capital expenditures.
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OpenAI completes restructure, solidifying Microsoft as a major shareholder
The nonprofit holds an equity stake currently worth about $130 billion in its for-profit arm.
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aljazeera.com
OpenAI restructures into public-benefit firm, Microsoft takes 27% stake
The deal removes a major constraint on raising capital for OpenAI, the maker of ChatGPT, and values firm at $500bn.
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upi.com
OpenAI unrolls commerce deals with Microsoft, PayPal - UPI.com
Microsoft and OpenAI announced Monday a series of new business partnerships aimed to advance artificial intelligence capabilities in U.S. commerce.
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fortune.com
OpenAI completes for-profit restructuring and grants Microsoft a 27% stake in the company | Fortune
The restructuring ends years of capital constraints for OpenAI and grants Microsoft long-term technology access and new AGI rights under the updated deal.
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bbc.com
OpenAI completes shift to becoming for-profit entity
The deal will see long term investor Microsoft retain a 27% stake in the ChatGPT-maker.
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forbes.com
OpenAI Becomes For-Profit Company In $500 Billion Deal
Microsoft will have a roughly 27% stake in the new for-profit company known as OpenAI Group PBC.
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As OpenAI restructures, Microsoft locks in long-term gains | Fortune
OpenAI has become a public benefit corporation, giving Microsoft a 27% stake and long-term access to key research methods
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Fortune Tech: A staggering goal | Fortune
OpenAI goes for-profit, Nvidia takes Nokia stake, Uber plans robotaxi fleet. Plus: Adobe, Apple, Microsoft, Myanmar, PayPal, Skyworks, Western Union.
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Microsoft takes $3.1 billion hit from OpenAI investment
Microsoft and OpenAI are key partners in cloud and artificial intelligence, but they're increasingly becoming competitors as well.
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theguardian.com
Microsoft reports strong earnings even as Azure outage brings down Xbox and investor pages
Tech giant reports earnings of $3.72 per share day after deal with OpenAI pushed value of company to more than $4tn