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Microsoft will no longer pay a share of its revenue to OpenAI as part of a change to their partnership agreement.
Microsoft's partnership with OpenAI will no longer be exclusive, allowing OpenAI to sell its products and services to other customers and on other platforms.
OpenAI is expected to conduct an Initial Public Offering (IPO) sometime this year.
The Chinese government has blocked Meta's proposed $2 billion acquisition of the AI startup Manus.
The U.S. government's policy is to prevent Chinese entities from accessing advanced American technology, with a particular focus on semiconductor chips.
Bill Ackman's new closed-end fund IPO is expected to price at a $5 billion valuation.
Verizon reported a net positive gain in phone subscribers in the first quarter, the first time it has done so in that quarter since 2013.
American Airlines has rejected a merger proposal from United Airlines.
Donald Trump has publicly stated his opposition to a potential merger between American Airlines and United Airlines.
Spirit Airlines, currently in its second bankruptcy, is seeking up to $500 million in aid from the Trump administration.
The proposed government aid for Spirit Airlines includes warrants that could allow the government to acquire up to 90% of the airline's equity.
The Association of Value Carriers, which represents airlines like Frontier and Avello, has requested $2.5 billion in federal aid for the industry.