Microsoft plans $10 billion investment in ChatGPT owner OpenAI - Report
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January 11, 2023 1:18 PM EST
In a note to clients Wednesday, Morgan Stanley analyst Keith Weiss defended Microsoft (NASDAQ: MSFT), saying the company is not immune to macro headwinds, but it is well-positioned.
Weiss, who has an Overweight rating and a $307 price target on the stock, told investors in his research memo that moderating IT and software budget growth and an unfavorable up-to-down budget revision expectation creates a challenging backdrop into CY23. However, Morgan Stanley sees... More
January 11, 2023 9:30 AM EST
Semafor reported yesterday that Microsoft (NASDAQ: MSFT) is reportedly preparing to invest $10 billion in ChatGPT owner OpenAI, a deal that values that artificial intelligence (AI) business at $29 billion.
According to the report, the tech giant will get a 75% share of... More
