OpenAI goes for-profit, Nvidia takes Nokia stake, Uber plans robotaxi fleet. Plus: Adobe, Apple, Microsoft, Myanmar, PayPal, Skyworks, Western Union.

The deal will see long term investor Microsoft retain a 27% stake in the ChatGPT-maker.

Microsoft will have a roughly 27% stake in the new for-profit company known as OpenAI Group PBC.

OpenAI has become a public benefit corporation, giving Microsoft a 27% stake and long-term access to key research methods

OpenAI goes for-profit, Nvidia takes Nokia stake, Uber plans robotaxi fleet. Plus: Adobe, Apple, Microsoft, Myanmar, PayPal, Skyworks, Western Union.

Meta’s AI expenses, Microsoft’s cloud sales, Alphabet’s record quarter. Plus: Amazon, AOL, Mastercard, Nvidia, OpenAI, white collar jobs.