FiscalNote spikes 75% after announcing selected for OpenAI partnership

Shares of FiscalNote Holdings jumped 75% or $1.02 per share to close trading Thursday at $2.38 after being selected as one of 14 inaugural "trusted partners," and "the sole provider of legal, political, and regulatory data and information," to collaborate with AI research and deployment company OpenAI by enabling access to select FiscalNote real-time data sets and content for users of OpenAI’s ChatGPT platform. "The collaboration is testament to FiscalNote’s decade of aggregating and training models in the legal and political domain. FiscalNote Chairman, CEO, and Co-founder Tim Hwang added: "We’re excited to collaborate with OpenAI and, as the market leader in legal and regulatory intelligence, we intend to continue to always be at the forefront as technological capabilities continue to advance. We believe this is the beginning of an innovative collaboration with a fellow AI pioneer, and we intend to continue to push the bounds of what is possible as we use this cutting-edge technology to deliver results for our global customers and advance their business objectives." The company is up another 5% in after-hours trading , to $2.50 per share on Thursday.