OpenAI said Tuesday it has reorganized its ownership structure and converted its business into a public benefit corporation and a crucial regulator, the Delaware attorney general, said she approved the plan.
Apple briefly passes the $4 trillion mark alongside Microsoft on Tuesday.
OpenAI has completed a long-awaited corporate recapitalisation that hands its nonprofit arm a large equity stake in the company, and gave major shareholder Microsoft Corp (NASDAQ:MSFT) an extra boost to reach a $4 trillion market valuation. OpenAI and Microsoft also announced the "next chapter" of their partnership will see a loosening of exclusivity, adding new provisions that enable each company to independently continue advancing innovation and growth.
Microsoft and OpenAI finalized a new agreement that will see Microsoft get a 27% ownership stake in OpenAI, worth about $135 billion, and access to the artificial intelligence startup's technology until 2032, including models that achieved the benchmark of AI general intelligence. Caroline Hyde reports on Bloomberg Television.
OpenAI's for-profit arm finalized its conversion into a public benefit corporation and reached a deal with Microsoft that will see the tech giant take a 27% stake.
Microsoft (MSFT) is scheduled to report quarterly results after markets close on Wednesday, and some investors expect the stock to jump to a fresh record.
MSFT's Q1 FY2026 results are expected to reflect strong Azure growth and AI momentum. Robust cloud demand, Copilot adoption support buy rating despite premium valuation.
Microsoft Corporation remains a cornerstone of the digital revolution, boasting dominant market share in desktop OS and accelerating growth in its Intelligent Cloud segment. MSFT's strategic investments in AI, particularly its partnership with OpenAI, and robust R&D spending drive double-digit revenue and EPS growth projections for the next decade. Despite fierce competition from Amazon and Google in cloud, MSFT's high ROIC, attractive valuation, and consistent earnings surprises reinforce its investment appeal.
Microsoft's monopolies in Office and Windows give the tech giant a financial edge that other massive AI spenders don't have. Plus, the company's cloud business is humming.
Australia's competition watchdog accused Microsoft on Monday of misleading people into paying for its AI assistant Copilot.
Australia's competition watchdog said on Monday said it has filed proceedings in the Federal Court against Microsoft Australia and its parent company Microsoft Corp for allegedly misleading about 2.7 million Australian customers.
Earnings from Apple, Amazon, Alphabet, Meta, and Microsoft are set to dominate market attention over the Fed's expected rate cut. Strong AI-driven enterprise demand is fueling optimism for MSFT, GOOG, and AMZN.