Wall Street Breakfast Podcast: Microsoft, OpenAI New Path

Group 1: Microsoft and OpenAI Relationship - Microsoft and OpenAI have signed a non-binding memorandum of understanding to redefine their relationship, allowing OpenAI to restructure into a for-profit company [2][4] - OpenAI's nonprofit arm is expected to receive over $100 billion, which is about 20% of the targeted $500 billion valuation in private markets [3] - Microsoft has been a significant backer of OpenAI, investing $1 billion in 2019 and $10 billion in 2023, with exclusive rights to sell OpenAI tools through Azure [4] Group 2: Warner Bros. Discovery and Paramount Skydance - Warner Bros. Discovery shares jumped 29% following reports that Paramount Skydance is preparing a majority cash bid for the company [5][6] - The potential bid aims to acquire the entire company, including its cable networks and movie studio, and is backed by the Ellison family [5] - A deal would combine Paramount's CBS News with Warner Bros. CNN and merge their respective studios [7][8] Group 3: Apple Watch Hypertension Detection Tool - Apple has received FDA approval for a new hypertension detection tool for the Apple Watch, set to roll out next week [9][10] - The tool analyzes blood vessel responses to heartbeats over a 30-day period and is compatible with Apple Watch Series 9, 10, 11, Ultra 2, and Ultra 3 [10] - The feature will be available in 150 regions, including the US, EU, and Hong Kong, and encourages users to share results with medical providers [11][12]