OpenAI Gives Microsoft 27% Stake, Completes For-Profit Shift

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Oct 28, 2025

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James Walker

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Eric Roston

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Danielle DiMartino Booth

Danielle DiMartino Booth, CEO of QI Research and former Dallas Fed advisor, explores the rising unemployment among college graduates and the implications for Fed policy amid increased layoffs. Eric Roston, a climate reporter, discusses the costs of rebuilding after disasters like Hurricane Melissa and the shifting roles of federal and private funding. James Walker, CEO of NANO Nuclear Energy, shares insights on the timelines for small modular reactors and their potential to meet increasing electricity demands for AI and data centers.

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INSIGHT

Microsoft Secures OpenAI Access

Microsoft locked a 27% stake in OpenAI to secure long-term access to leading models through 2032.
That deal buys Microsoft time to build alternative frontier models and protect its copilot products.

INSIGHT

OpenAI As The Consumer Front End

OpenAI aims to be the consumer front end by integrating payments and commerce partners like PayPal, Stripe, and Shopify.
That positioning could redirect web traffic and transactions away from traditional websites and platforms.

ADVICE

Compare Rival AI Assets

Watch whether Google or other rivals can coexist with multiple frontier models in the market.
Evaluate competition by comparing assets like cloud, semiconductors, and model capabilities.

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OpenAI is giving its long-time backer Microsoft Corp. a 27% ownership stake as part of a restructuring plan that took nearly a year to negotiate, removing a major uncertainty for both companies and clearing the path for the ChatGPT maker to become a for-profit business.
Under the revised pact, Microsoft will get a 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 artificial general intelligence (AGI), a more powerful form of AI that most say does not exist yet.
Microsoft will also continue to be entitled to receive 20% of OpenAI’s revenue, according to people familiar with the matter, who spoke on condition of anonymity as the information is not public. But as part of the new pact, OpenAI can pay more later. In a blog post, the companies said a revenue share agreement remains in effect until an expert panel verifies AGI.
With the agreement, OpenAI said its corporate restructure is now complete. The company had spent much of this year working to form a more traditional for-profit company, which is considered more attractive to investors. Microsoft, which backed OpenAI with some $13.75 billion, was the biggest holdout among the ChatGPT maker’s investors, Bloomberg News has reported.

Today's show features:

Bloomberg Intelligence Senior Technology Analyst Anurag and on Microsoft taking a 27% stake in OpenAI
Danielle DiMartino Booth, CEO and Chief Strategist at QI Research, on this week’s FOMC meeting and interest rate decision
Bloomberg News Climate Reporter Eric Roston on impact of Hurricane Melissa in the Caribbean and beyond, as well as his recent Big Take on the growing “disaster economy”
James Walker, Chief Executive Officer of NANO Nuclear Energy, on the launch of the firm’s KRONOS MMR drilling program at the University of Illinois at Urbana-Champaign (with Bloomberg News Energy Reporter Will Wade)

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