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Now, that all seems to have resolved itself in Microsoft's favor. On Tuesday, OpenAI said it completed its recapitalization and simplified its corporate structure. The non-profit entity is now called the OpenAI Foundation, which has majority control of the for-profit component, OpenAI Group Public Benefit Corp. (PBC).
2hon MSN
S&P 500 Gains & Losses Today: Amazon Stock Jumps After OpenAI Deal; Kimberly-Clark Acquires Kenvue
An AI collaboration boosted the company behind the largest U.S. cloud service on Monday, Nov. 3, 2025, while shares of the two companies involved in a consumer goods deal saw major moves.
CEO Sam Altman said the ChatGPT maker is doing “well more” than $13B in revenue at present and offered up hints about the not too distant future. Read for more.
Stocks ended mostly higher Monday, the first trading session of November, while a handful of Big Tech stocks helped keep the Nasdaq Composite in the green.
Both companies were back at it on Tuesday, announcing deals that once again added billions in value to public companies.
While this deal is important for AMD, what it really signaled was that a leading generative AI company plans on using AMD's hardware. That's a big deal, as AMD's technology has always been seen as a downgrade from Nvidia.
The OpenAI CEO is known for not backing down from conflict. Over the weekend, OpenAI cofounder and Tesla CEO Elon Musk took shots at Altman, alleging he “stole a nonprofit.” Altman responded, “I helped turn the thing you left for dead into what should be the largest nonprofit ever.”