Wall Street reacts to Microsoft and OpenAI's new deal

Core Insights - Microsoft and OpenAI have reached a deal for OpenAI to restructure into a public benefit corporation, valuing OpenAI at $500 billion and paving the way for its public trading [1] - Microsoft will hold a 27% stake in OpenAI Group PBC, valued at approximately $135 billion, which will be controlled by the OpenAI Foundation, a nonprofit [1] Analyst Reactions - Gil Luria, Head of Technology Research at DA Davidson, emphasized that the restructuring is a significant milestone for OpenAI's progress towards Artificial General Intelligence (AGI) and clarifies ownership rights with Microsoft, facilitating future fundraising [1] - Art Hogan, Chief Market Strategist at B Riley Wealth, noted that the recent developments around OpenAI are becoming a trend, with major players like Microsoft and Adobe positioning themselves as key contributors to the AI revolution [2]