Microsoft clears major uncertainty with OpenAI deal

3 months ago

Denita Sakova

"We have to start with Microsoft. Obviously the big story of this morning, Microsoft and Open AI finalized this new agreement. It's been in the works for a very long time. The ticker of course is MSFT. The sock was up as much as 4%, now it's about 3% but clearly one of the big gainers. Uh in the S&P this is removing a layer of uncertainty for both companies. Uh under the new pack Microsoft is getting 27% ownership stake in open AI and the price tag of that is 135 billion."

Microsoft's partnership with OpenAI, marked by a significant stake acquisition and a $135 billion price tag, has removed key uncertainties, resulting in a noticeable upward movement in its stock.

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