Microsoft and OpenAI resolved a major dispute, lifting fundraising restrictions for OpenAI. The new deal completes OpenAI's restructuring of its for-profit arm.
Microsoft's MSFT first-quarter fiscal 2026 results, scheduled to be reported on Oct. 29, are poised to showcase the company's continued momentum in cloud computing and AI infrastructure. (Read Now: Microsoft Before Q1 Earnings: Should Investors Buy the Stock?
Results from the majority of the Mag 7 will likely set the tone for the remainder of the fourth quarter.
Microsoft and OpenAI announced the long-awaited details of their new partnership agreement Tuesday morning — with concessions on both sides that keep the companies aligned but not in lockstep as they move into their next phases of AI development.
The new agreement values Microsoft's 27% stake at $135 billion and extends its IP rights through 2032, giving Microsoft investors “upside optionality.”
Microsoft will still hold a stake of about $135 billion, or 27%, in OpenAI Group PBC, which will be controlled by the OpenAI Foundation, a nonprofit
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.