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International Business Times UK
International Business Times UK
Business
Jaja Agpalo

Microsoft Stock: $13.8 Billion Investment Reveals Tenfold Return on OpenAI

Microsoft OpenAI

Microsoft Corp. and artificial intelligence powerhouse OpenAI have officially cemented a monumental new partnership, finalising a highly anticipated agreement that significantly reshapes the landscape of AI development.

This landmark deal values OpenAI at an eye-watering $500 billion, equivalent to approximately £400 billion, paving the way for the ChatGPT creator to transition into a publicly traded company. The announcement sent Microsoft shares jumping almost 4% in early trading, reflecting strong investor confidence.

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