New forecasts from OpenAI are showing the beginning of a dramatic shift in its alliances from its largest shareholder, Microsoft (MSFT), to SoftBank (SFTBY), The Information’s Cory Weinberg, Jon Victor, and Anissa Gardizy report. According to the report. SoftBank will provide OpenAI roughly $30B in the coming months.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MSFT:
- DeepSeek Goes For “Full Transparency” in Further Challenge to U.S. Rivals
- Microsoft Chip Spurs Quantum Leap for Bitcoin Security
- FTC Chair Andrew Ferguson says to investigate ‘Big Tech censorship’
- OpenAI COO says ChatGPT recently crossed 400M WAU
- Salesforce Dismisses Big Cloud Deal Rumors with Tech Titans, Sticks with Google