OpenAI’s nonprofit parent is set to acquire an equity stake exceeding $100 billion, positioning it as one of the world’s most well-resourced philanthropic organizations. This recapitalization will enable OpenAI to raise capital for its mission. Additionally, OpenAI and Microsoft have signed a non-binding memorandum of understanding to extend their partnership, transitioning OpenAI towards a for-profit model that could lead to its public offering. This shift allows for potential financial returns for shareholders, moving away from its original open-source goals. Separately, Microsoft has circumvented a significant antitrust fine from the European Union by agreeing to unbundle its Teams communication platform from its Office applications. The European Commission has accepted Microsoft’s plans to offer Word, Excel, and PowerPoint separately, facilitating customer freedom to switch providers or move data. Following these developments, Microsoft shares have seen a 1.4% increase in premarket trading.
Source link
Share
Read more