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Stockreport

OpenAI to Decide Which Backers to Let Into $6.5 Billion Funding [Yahoo! Finance]

Microsoft Corporation (MSFT)  More Company Research Source: Yahoo! Finance
Last microsoft corporation earnings: 4/29 04:06 pm Check Earnings Report
US:NASDAQ Investor Relations: microsoft.com/en-us/investor
Most Read from Bloomberg The $6.5 billion funding round for the artificial intelligence startup is oversubscribed, meaning investors were hoping to put in more money than the company was ready to take on, said the people, who asked not to be identified discussing private information. One of the people said that the excess demand was in the billions of dollars, and some investors will find out Friday that they did not make the cut. OpenAI declined to comment. Several strategic investors, including OpenAI's biggest backer Microsoft Corp. and new investors Nvidia Corp. and Apple Inc., are likely to get access, the person said. The deal is set to value OpenAI at $150 billion, a total that doesn't include the new investment, people familiar with the matter told Bloomberg. The company was last valued at $86 billion in an earlier financing deal. At least one notable existing OpenAI investor won't be participating — Sequoia Capital, the people said. Sequoia recently backed a rival [Read more]
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Stockreport

OpenAI to Decide Which Backers to Let Into $6.5 Billion Funding [Yahoo! Finance]

Microsoft Corporation  (MSFT) 
More Company Research Source: Yahoo! Finance
Last microsoft corporation earnings: 4/29 04:06 pm Check Earnings Report
US:NASDAQ Investor Relations: microsoft.com/en-us/investor
Most Read from Bloomberg The $6.5 billion funding round for the artificial intelligence startup is oversubscribed, meaning investors were hoping to put in more money than the company was ready to take on, said the people, who asked not to be identified discussing private information. One of the people said that the excess demand was in the billions of dollars, and some investors will find out Friday that they did not make the cut. OpenAI declined to comment. Several strategic investors, including OpenAI's biggest backer Microsoft Corp. and new investors Nvidia Corp. and Apple Inc., are likely to get access, the person said. The deal is set to value OpenAI at $150 billion, a total that doesn't include the new investment, people familiar with the matter told Bloomberg. The company was last valued at $86 billion in an earlier financing deal. At least one notable existing OpenAI investor won't be participating — Sequoia Capital, the people said. Sequoia recently backed a rival [Read more]
IMPACT SNAPSHOT
EVENT TIME:
MSFT
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS