Brew Markets UPS Delivers, Royal Caribbean Shares Sink & OpenAI’s Critical Split
Oct 28, 2025
OpenAI is making waves with its split into a nonprofit and a $500 billion for-profit arm, potentially setting the stage for an IPO. UPS is shifting its focus, reducing dependency on Amazon while boosting margins. Royal Caribbean shares are struggling despite strong demand, while Wayfair finds success with record revenues and a new brick-and-mortar strategy. Keurig Dr Pepper's creative financing deal is explored, and NVIDIA makes headlines with influential partnerships and a $1 billion investment in Nokia.
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OpenAI’s Split Enables Big Capital Moves
- OpenAI reorganized into a nonprofit foundation controlling a $500B public benefit for-profit arm to enable big fundraising and potential IPO pathways.
- The structure preserves control for the foundation while freeing the for-profit to raise capital and spend heavily on AI infrastructure.
Foundation Keeps Control With Heavy Credibility
- The OpenAI Foundation holds a controlling ~26% stake and a warrant that can add shares if price rises tenfold after 15 years.
- A powerful, credible board aims to 'cocoon' the company and signal responsible stewardship while keeping control centralized.
Wean Off Low-Margin Customers To Improve Profits
- UPS is deliberately cutting lower-margin Amazon volume to improve margins and pursue higher-leverage customers.
- The company pairs volume cuts with real estate closures and headcount reductions to realize about $2.2B in annual cost savings.