PayPal on Tuesday became the first payments platform to embed its digital wallet into OpenAI's ChatGPT. Shares of the San Jose, California-based company climbed in Tuesday morning trading after the company announced that it is going to adopt the Agentic Commerce Protocol (ACP) to expand payments and commerce in ChatGPT, allowing ChatGPT users to be able to check out instantly using PayPal. PayPal said it will also support payments processing for merchants leveraging OpenAI Instant Checkout. PayPal will al ...

Core Insights - OpenAI has completed a significant restructuring that allows it to operate as a for-profit entity while the nonprofit foundation retains control, addressing previous uncertainties regarding funding for AI development [1] - The new structure enhances OpenAI's ability to raise funds, with a current valuation of $500 billion [1] Group 1: Ownership Structure - The nonprofit OpenAI Foundation holds a 26% stake valued at approximately $130 billion, making it one of the wealthiest charities globally [2] - Microsoft has invested over $13 billion in OpenAI since 2019 and holds a 27% stake valued at $135 billion [2] - The remaining 47% of the company is owned by other investors and staff members [2] Group 2: Philanthropic Implications - OpenAI stated that the success of the company will increase the value of the nonprofit's equity stake, which will be utilized for its philanthropic initiatives [3] Group 3: Intellectual Property and Governance - Microsoft will maintain intellectual property rights for OpenAI's models and products until 2032 [4] - Any announcement regarding the achievement of artificial general intelligence by OpenAI must be reviewed by an independent panel of experts [4] Group 4: Future Collaboration - Microsoft expressed confidence that the partnership will enable both companies to develop products that address real-world needs and create new opportunities [5] - Microsoft is set to report its first-quarter earnings following the announcement [5]

Core Insights - Microsoft and OpenAI have reached a deal allowing OpenAI to restructure into a public benefit corporation, valuing it at $500 billion and providing more operational freedom [1] - The deal alleviates previous constraints on OpenAI's ability to raise capital, which were established in a 2019 agreement with Microsoft [1][7] - Microsoft retains a 27% stake in OpenAI Group PBC, valued at approximately $135 billion, after investing $13.8 billion, resulting in a nearly 10-fold return on investment [3] Financial Implications - Microsoft shares increased by 2.5%, pushing its market value above $4 trillion [3][10] - OpenAI will purchase $250 billion worth of Azure cloud computing services from Microsoft, while Microsoft will relinquish its right of first refusal for providing computing services to OpenAI [12] Structural Changes - The new structure allows the OpenAI Foundation, a nonprofit, to maintain control over the for-profit entity, simplifying OpenAI's corporate structure [8] - An independent panel will be required to verify OpenAI's claims of reaching artificial general intelligence (AGI) [8] Future Outlook - The deal ensures a continued partnership between Microsoft and OpenAI until at least 2032, with Microsoft retaining certain rights to OpenAI's products and AI models [4][12] - The restructuring is expected to provide a clearer path for OpenAI's fundraising efforts and innovation, despite ongoing scrutiny regarding transparency and safety [9][12]

Core Points - OpenAI has restructured its ownership, converting into a public benefit corporation, with approval from the Delaware attorney general [3][4] - The restructuring allows OpenAI to profit from its AI technology while remaining under nonprofit control [4][6] - Microsoft has acquired a 27% stake in OpenAI's new for-profit corporation, altering the terms of their partnership [5][9] Company Structure - OpenAI's nonprofit will now be called the OpenAI Foundation, which will allocate $25 billion towards health initiatives and cybersecurity related to AI [10] - The nonprofit retains control over the for-profit entity, but concerns have been raised about the actual independence of the nonprofit [10][11] Partnership with Microsoft - The partnership with Microsoft has been revised, with Microsoft retaining rights to OpenAI's confidential research methods until AGI is verified or through 2030 [9] - Microsoft will also maintain some commercial rights to OpenAI products after AGI is declared [9]

Core Viewpoint - The article discusses the tax incentives provided by China to support the development of the manufacturing industry, particularly in the Shanghai Free Trade Zone's Lingang New Area, where eligible enterprises can benefit from a reduced corporate income tax rate of 15% for five years [1][2]. Summary by Sections Tax Incentives for Manufacturing - The key industries eligible for the 15% corporate income tax rate include integrated circuits, artificial intelligence, biomedicine, and civil aviation [1]. - The policy is effective from January 1, 2020, and applies to qualifying enterprises that register in the new area [2]. Eligibility Criteria - Eligible enterprises must meet specific conditions, including: 1. Registration in the new area since January 1, 2020, and engaging in substantial production or R&D activities in the specified key sectors [3]. 2. At least one key product or technology in their main R&D or sales offerings [3]. 3. Investment entity conditions, such as being a leading player in international or domestic markets with strong technical capabilities [4]. 4. R&D and production conditions, including having a core team and established intellectual property rights [4]. Application Process - Enterprises must submit monthly and quarterly prepayment declarations for corporate income tax and annual tax settlement declarations [5]. - Required documentation includes self-declaration for tax incentive qualification and retention of relevant materials for review [6]. Application Methods - Applications for tax incentives can be processed through online platforms like the electronic tax bureau or in-person at tax service halls [7]. Policy Reference - The tax incentive policy is based on the notice from the Ministry of Finance and the State Administration of Taxation regarding corporate income tax policies for key industries in the Shanghai Free Trade Zone's Lingang New Area [8].

OceanPal Inc. (OP), a shipping company best known for transporting dry bulk and petroleum products, said it plans to pivot into artificial intelligence infrastructure by building confidential AI cloud services on the Near Protocol blockchain. The Athens-based company said it closed a $120 million private investment in public equity (PIPE) deal to launch SovereignAI, a wholly owned subsidiary. SovereignAI will serve as a public-market vehicle for exposure to NEAR, a blockchain platform designed for AI appl ...

OpenAI has completed its recapitalization, splitting the AI lab into a for-profit corporation nested inside a non-profit foundation. https://t.co/IjZz0uj3H4 ...

OpenAI on Tuesday said it had completed its recapitalization, splitting the AI lab into a for-profit corporation nested inside a non-profit foundation. It’s the end result of a complex legal process that had been strenuously resisted by its estranged co-founder, Elon Musk. Under the new structure, the non-profit OpenAI Foundation will have legal control over a public benefit corporation called OpenAI Group, which is free to raise funding or acquire companies without legal restraint. The Foundation will h ...

Core Insights - Doubao's monthly active user base reached 172 million in Q3 2025, surpassing DeepSeek's 145 million [1] - Doubao's user growth is linked to DeepSeek's user decline, with 59.2% of DeepSeek's lost users migrating to Baidu App and 38.6% to Doubao App [1] User Metrics - Doubao's monthly active users increased from 157 million in August 2025, while DeepSeek's dropped to 143 million [1] - Doubao's user base has been on a steady rise since its launch in August 2023 [1] Token Usage Growth - Doubao's daily token usage surged from 120 billion in May 2022 to 30 trillion in September 2023, marking a 253-fold increase [1]

Group 1 - Microsoft has finalized a new agreement with OpenAI after long negotiations, acquiring a 27% stake valued at approximately $135 billion [1] - The agreement allows Microsoft to utilize OpenAI's technology, including models that meet the Artificial General Intelligence (AGI) benchmark, until 2032 [1] - OpenAI will invest an additional $250 billion in purchasing Azure services as part of the agreement [1]