Microsoft and OpenAI Agreement; UPS Soars; Paypal Surges
On this episode of Stock Movers:- Microsoft (MSFT) and OpenAI finalized a new agreement in a long-negotiated partnership.Under the new pact, Microsoft will get a 27% ownership stake in OpenAI worth about $135 billion, the companies said in a statement Tuesday.In addition, Microsoft will have access to the artificial intelligence startup’s technology until 2032, including models that achieved the benchmark of AI general intelligence.- United Parcel Service (UPS) shares soared after it smashed Wall Street’s profit expectations by cutting costs and eliminating 34,000 jobs this…
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