Microsoft, OpenAI chart new path
Wall Street Breakfast
Seeking Alpha
3.8 • 950 Ratings
🗓️ 12 September 2025
⏱️ 7 minutes
🧾️ Download transcript
Summary
Episode transcripts seekingalpha.com/wsb.
Show links:
Investment News Quiz - Friday, Sept. 12
Biggest stock movers Friday: ADBE, SMCI, and more
United CEO sees Spirit Airlines going out of business - report
Tesla engineer quits after 8 years, criticizes Elon Musk's leadership in exit letter
Nvidia's supplier SK hynix ready with next-gen memory chip for AI
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Transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. |
| 0:08.0 | Thanks so much for joining us on this Friday, September 12th. I'm Julie Morgan. |
| 0:13.5 | Microsoft and OpenAI rewrite the rules of their partnership. Warner Brothers Discovery takes center stage, and Apple gets a green light from the FDA. |
| 0:24.6 | Microsoft and OpenAI have signed a non-binding memorandum of understanding to redefine their relationship, |
| 0:31.4 | paving the way for OpenAI to restructure into a for-profit company. According to an official statement, OpenAI's planned evolution |
| 0:39.3 | will see the existing OpenAI non-profit both control a public benefit corporation and share directly |
| 0:46.5 | in its success. This statement goes on to say that OpenAI started as a nonprofit, remains one today, |
| 0:53.7 | and will continue to be one, with a nonprofit holding |
| 0:56.5 | the authority that guides the future. OpenAI's nonprofit arm stands to receive over $100 billion |
| 1:02.9 | or about 20% of the $500 billion valuation the company is targeting in private market. |
| 1:10.3 | Microsoft and OpenAI are working toward a |
| 1:13.0 | final agreement. Microsoft has been a key OpenAI backer investing $1 billion in 2019 and 10 billion |
| 1:20.7 | in 2023. The earlier deal gave Microsoft exclusive rights to sell OpenAI tools through Azure and have preferred access to its technology. |
| 1:30.8 | The restructuring still requires approval from regulators in California and Delaware. |
| 1:37.3 | Warner Brothers Discovery jumped 29% on Thursday after a report that Paramount Skydance is preparing a majority cash bid. |
| 1:46.3 | PSKY also climbed 15.5%. According to a Wall Street Journal report on Thursday, which cited |
| 1:53.6 | people familiar with the matter, the offer will be for the entire company, including its cable |
| 1:58.9 | networks and movie studio. The bid will be back by the Ellison |
| 2:02.8 | family. According to CNBC, a bid may come as soon as next week. The potential bid comes after |
| 2:09.9 | Warner Brothers Discovery in June confirmed that it would separate into two companies, with one |
| 2:15.7 | focused on streaming and the other on its television networks. |
| 2:19.7 | A deal would combine Paramount CBS News with Warner Brothers CNN, as well as Warner Brothers Studio |
... |
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