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OpenAI’s For-Profit Path Cleared | Bloomberg Tech 10/28/2025

Bloomberg Technology•Tuesday, October 28, 2025 at 8:14:05 PM
PositiveArtificial Intelligence
OpenAI’s For-Profit Path Cleared | Bloomberg Tech 10/28/2025
OpenAI has taken a significant step towards becoming a for-profit entity by agreeing to give Microsoft a 27% stake in the company. This restructuring is crucial as it allows OpenAI to secure the necessary funding to enhance its AI technologies, including ChatGPT. Meanwhile, Tesla's board chair is working to gain investor approval for a massive $1 trillion compensation package for Elon Musk, which could impact the company's future. Additionally, Nvidia is set to invest $1 billion in Nokia, coinciding with its GTC conference in Washington, D.C. These developments highlight the dynamic shifts in the tech industry and the strategic moves companies are making to secure their positions.
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