Microsoft to report Q1 earnings following new OpenAI deal

Microsoft (MSFT) is scheduled to report its first quarter earnings after the bell on Wednesday, offering Wall Street its latest look at the company's AI and cloud growth. The results follow news that Microsoft and OpenAI (OPAI.PVT) announced the terms of their revamped deal that allows the ChatGPT developer to move forward with plans to transform the corporate structure of its for-profit arm into a public benefit corporation controlled by its nonprofit side. Under the new agreement Microsoft will hold 27 ...