据智通财经报道，OpenAI据悉计划最早于2026年下半年提交上市申请，并于2027年上市。此次IPO的估值可能高达约1万亿美 元。OpenAI计划筹集至少600亿美元。 OpenAI已完成重组 当地时间10月28日，微软与OpenAI宣布签署新协议，微软宣布将支持OpenAI推进其营利部门OpenAI Group PBC（OpenAI集团 公共利益公司）的组建和资本重组。 同时，OpenAI宣布，非营利组织OpenAI基金会将继续控制营利性组织OpenAI，目前OpenAI基金会股权估值约1300亿美元。后 续，OpenAI将额外购买价值2500亿美元的微软Azure云服务，作为交换，微软不再拥有为OpenAI提供计算服务的优先选择权。 （文章来源：21世纪经济报道） 根据协议，股权方面，微软目前持有该营利部门的投资权益约为1350亿美元，按稀释后转换的股份比例约为27%。在不考虑 OpenAI最近几轮融资的情况下，微软在该营利实体中的持股比例为32.5%，仍旧是重要股东。 ...

根据协议，股权方面，微软目前持有该营利部门的投资权益约为1350亿美元，按稀释后转换的股份比例约为27%。在不考虑 OpenAI最近几轮融资的情况下，微软在该营利实体中的持股比例为32.5%，仍旧是重要股东。 同时，OpenAI宣布，非营利组织OpenAI基金会将继续控制营利性组织OpenAI，目前OpenAI基金会股权估值约1300亿美元。后 续，OpenAI将额外购买价值2500亿美元的微软Azure云服务，作为交换，微软不再拥有为OpenAI提供计算服务的优先选择权。 据智通财经报道，OpenAI据悉计划最早于2026年下半年提交上市申请，并于2027年上市。此次IPO的估值可能高达约1万亿美 元。OpenAI计划筹集至少600亿美元。 OpenAI已完成重组 当地时间10月28日，微软与OpenAI宣布签署新协议，微软宣布将支持OpenAI推进其营利部门OpenAI Group PBC(OpenAI集团公 共利益公司)的组建和资本重组。 ...

记者丨刘雪莹 骆轶琪 编辑丨曾静娇 据财联社报道， OpenAI据悉计划最早于 2026年下半年提交上市申请 ，并于2027年上市。 此 次IPO的估值可能高达约1万亿美元。 OpenAI计划筹集至少600亿美元。 Op e n A I已完成重组 当地时间10月28日， 微软与OpenAI宣布签署新协议 ，微软宣布将支持OpenAI推进其营利部 门OpenAI Group PBC（OpenAI集团公共利益公司）的组建和资本重组。 根据协议，股权方面，微软目前持有该营利部门的投资权益约为1350亿美元，按稀释后转换的 股份比例约为27%。在不考虑OpenAI最近几轮融资的情况下，微软在该营利实体中的持股比 例为32.5%，仍旧是重要股东。 同时，OpenAI宣布，非营利组织OpenAI基金会将继续控制营利性组织OpenAI，目前OpenAI 基金会股权估值约1300亿美元。后续，OpenAI将额外购买价值2500亿美元的微软Azure云服 务，作为交换，微软不再拥有为OpenAI提供计算服务的优先选择权。 （声明：文章内容仅供参考，不构成投资建议。投资者据此操作，风险自担。） 出品 | 2 1财经客户端 南财快 ...

Core Insights - SoftBank, led by Masayoshi Son, is making a significant investment of approximately $41 billion (around 290 billion RMB) in OpenAI, marking a shift from being a passive investor to an active participant in the AI industry [4][13]. - OpenAI has restructured from a non-profit to a profit-oriented entity, with a new non-profit foundation retaining control, reflecting a transformation in its operational model [6][17]. - The valuation of OpenAI is estimated at around $500 billion, with the non-profit foundation holding 26% of the equity, valued at approximately $130 billion [6][17]. Investment Dynamics - Microsoft is a major beneficiary of OpenAI's restructuring, acquiring about 27% equity, which is valued at approximately $135 billion, indicating a nearly tenfold increase from its initial investment of around $13.8 billion [6][7]. - The new agreement between Microsoft and OpenAI extends their collaboration until 2032, allowing Microsoft to maintain priority access to OpenAI's latest AI models and products [7][8]. - OpenAI has entered into a significant cloud service agreement with Oracle, committing to purchase up to $300 billion in cloud services over five years, indicating a shift to a dual-cloud strategy [7][8]. Strategic Implications - The restructuring reflects a balance between Microsoft's interests and OpenAI's need for autonomy, as both parties navigate their evolving relationship from close partners to potential competitors [11][12]. - SoftBank's investment strategy involves a phased approach, with an initial commitment of $10 billion and an additional $22.5 billion contingent on OpenAI's successful restructuring [14][15]. - The "Stargate" initiative, a collaboration involving SoftBank, Microsoft, and Oracle, aims to invest $500 billion over four years to build next-generation AI supercomputing infrastructure across the U.S. [15][27]. Ethical Considerations - OpenAI's shift towards profit-making has raised concerns about its commitment to its original mission of benefiting humanity, with critics questioning the implications of prioritizing profit over public good [17][19]. - The internal dynamics at OpenAI reflect a tension between maintaining its altruistic goals and the pressures of commercial success, as highlighted by the contrasting views of co-founders like Elon Musk [17][19]. - Regulatory scrutiny has played a role in shaping OpenAI's new structure, ensuring that the non-profit foundation retains significant control and oversight [18][19]. Industry Ecosystem - The AI industry is evolving into a complex ecosystem characterized by interdependencies among major players, including chip manufacturers like NVIDIA and AMD, cloud service providers, and AI model developers [22][24]. - The capital flow within this ecosystem is cyclical, with investments and contracts binding various stakeholders together, facilitating rapid growth and innovation in the AI sector [26][27]. - The contrasting approaches of the U.S. and China in AI development highlight differences in market dynamics, with the U.S. fostering collaborative investments while Chinese tech giants tend to operate independently [28][29].

Group 1: Economic Policies and Developments - The Chinese government is committed to deepening capital market reforms and expanding high-level financial openness to support modernization, welcoming foreign financial institutions and long-term capital investments [1] - The State Administration of Foreign Exchange announced nine policy measures to facilitate cross-border trade and support trade development [1] - The Central Enterprise Strategic Emerging Industry Development Fund has officially launched, raising 51 billion yuan in its first phase [1] Group 2: Corporate Earnings and Financial Performance - Guizhou Moutai reported Q3 revenue of 39.064 billion yuan, a year-on-year increase of 0.56%, and a net profit of 19.224 billion yuan, up 0.48% [4] - Industrial Fulian's net profit for the first three quarters reached 22.487 billion yuan, a year-on-year increase of 48.52% [4] - China Petroleum & Chemical Corporation (Sinopec) reported a net profit of 29.984 billion yuan for the first three quarters, a year-on-year decrease of 32.2% [4] Group 3: Employment and Labor Market - In the first three quarters, China added 10.57 million urban jobs, maintaining overall employment stability, with a September urban survey unemployment rate of 5.2%, down 0.1 percentage points from the previous month [1] Group 4: Market Performance - The Shanghai Composite Index rose by 0.7% to 4016.33, while the Shenzhen Component Index increased by 1.95% to 13691.38 [3] - The onshore RMB was quoted at 7.0993, down 3 points, and the offshore RMB at 7.0964, down 22 points [3]

钛媒体App 10月30日消息，微软发布截至9月30日的2026财年第一季度财报。财报显示，按照美国通用 会计准则(GAAP)计算，微软第一财季总营收为776.73亿美元，同比增长18%，按固定汇率计算同比增长 17%；净利润为277.47亿美元，同比增长12%；包括反映数据中心支出的租赁获得资产在内，总资本支 出349亿美元，同比增长74.5%。智能云部门收入为309亿美元，同比增长28%，其中，剔除汇率因素影 响，Azure和其他云服务收入同比增长39%。微软表示，公司承诺对OpenAI的总投资已达130亿美元。截 至今年9月底，其中116亿美元已完成出资。该投资对微软第一财季的利润影响为30.86亿美元。受相关 消息影响，微软盘后股价一度下跌5%。（广角观察） ...

Core Points - WTT announced a technical issue due to a global outage of Microsoft Azure services affecting its website [1] - Services are gradually being restored, and WTT appreciates the patience of fans during this period [1] - Fans can still watch live broadcasts of the WTT Championship through exclusive broadcasting partners [1]

股价表现： 微软第一财季营收和调整后每股收益均超出分析师一致预期的，但股价仍在盘后交易中下跌逾3%。 微软股价盘后下跌3.30% 北京时间10月30日，微软公司(NASDAQ:MSFT)今天发布了截至9月30日的2026财年第一季度财报。财 报显示，按照美国通用会计准则(GAAP)计算，微软第一财季总营收为776.73亿美元，较上年同期的 655.85亿美元增长18%，按固定汇率计算同比增长17%；净利润为277.47亿美元，较上年同期的246.67亿 美元增长12%，按固定汇率计算同比增长11%。 微软表示，公司承诺对OpenAI的总投资已达130亿美元。截至今年9月底，其中116亿美元已完成出资。 该投资对微软第一财季的利润影响为30.86亿美元。 ——净利润为277.47亿美元，较上年同期的246.67亿美元增长12%，按固定汇率计算同比增长11%； ——每股摊薄收益为3.72美元，较上年同期的3.30美元增长13%，按固定汇率计算同比增长11%； ·微软云收入为491亿美元，同比增长26%，按固定汇率计算同比增长25%； ·生产力和业务流程部门收入为330亿美元，同比增长17%，按固定汇率计算同比增长 ...

Key Takeaways The Fed Lowered Rates 25bps to the Lowest Level in 3 YearsThe Balance Sheet Has Been Frozen, Ending Years-Long PolicyEarnings Reports from MSFT, GOOGL, META & More After the CloseWednesday, October 29, 2025This afternoon provided to the biggest reverberations to today’s stock market, sending major indexes falling into negative territory upon the latest monetary policy from the Federal Open Market Committee (FOMC), whereby the Fed cut interest rates by 25 basis points (bps), to a range of $3.75 ...

Core Insights - Microsoft reported a significant increase in capital expenditures, reaching $34.9 billion in the fiscal first quarter, up from $24.2 billion in the previous quarter, primarily to enhance its AI infrastructure [1][7] - The company plans to double its data center footprint over the next two years to meet the growing demand for AI services [2] - Microsoft's strong quarterly results, with earnings per share of $3.72 and revenue of $77.7 billion (an 18% year-over-year increase), indicate robust demand for its cloud and AI offerings [4] Financial Performance - Earnings per share for the fiscal first quarter were $3.72, exceeding analysts' expectations [4] - Revenue from the Intelligent Cloud division, which includes Azure, rose 28% to $30.9 billion, surpassing the anticipated $30.3 billion [4] - Microsoft expects current-quarter revenue to be between $79.5 billion and $80.6 billion, slightly below analysts' consensus of $80.14 billion [5] Market Reaction - Following the earnings report, Microsoft shares experienced a decline of about 2% in extended trading, despite a nearly 30% increase for the year 2025 through Wednesday's close [5]