Microsoft Just Acquired Open AI With No Cash Outlay, No Regulator Involvement -- Prepared, Signed, Delivered In 48 Hours -- November 20, 2023

Locator: 46117MSFT. 

Disclaimers apply.

MSFT: hits new all-time record today.

Word on the street: 90% of the 700 employees of OpenAI are ready to move to Microsoft.

Value of OpenAI: "market value" went from $30 billion to $90 billion in less than one year

Microsoft hires Altman: here we go. Monday morning. Bigger than any merger announcement. Not on Joanna Stern’s bingo card. Fraught. Can that be used as a noun?

Analysis: Barron’s.

AI failed? Didn’t see this coming?

MSFT: up $5.00. [Later, pre-market trading: MSFT up as much as $7.00.]

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