U.S. market fell on Tuesday, focusing on tensions between Microsoft and partner OpenAI

Microsoft Corporation

The report quoted people familiar with the matter as saying that OpenAI's negotiations with Microsoft in this regard were "extremely difficult", so that in recent weeks, OpenAI executives even discussed their choices when they were forced to do so: that is, accusing Microsoft of anticompetitive behavior during the cooperation period.

(Note: The so-called public welfare companies are different from non-profit organizations. Public welfare companies are to make profits, while non-profit companies are not. Public welfare companies are established to pursue profits and specific public interests, while non-profit organizations are committed to the public interests, and they cannot distribute profits to owners or shareholders.)

OpenAI may even seek federal regulators to review the terms of the contract signed with Microsoft to find out whether there is any violation of antitrust laws, people familiar with the matter said.

Meta Platforms is introducing paid advertising to its WhatsApp, hoping to profit from the world's most popular instant messaging service. WhatsApp currently has more than 3 billion monthly active users, including 200 million corporate users. A WhatsApp spokesman said the company will launch the new feature globally in the coming months. At that time, the ad will appear in the Status section of the instant messaging service, which can be viewed through the Update tab on the left side of the app screen, separate from the main chat conversation area. Meta Platforms shares fell 0.71% before trading tonight, with a deadline of $697.15. According to the Financial Times, pharmaceutical giant Eli Lilly is in late negotiations to acquire gene editing startup Verve Therapeutics, with a transaction amount of up to $1.3 billion. The news drove Verve Therapeutics' stock price to soar 78.15% before trading tonight, at $11.17. Sunrun shares fell 27% before the evening, SolarEdge shares also fell 20%, Enphase Energy fell 17%, and First Solar fell 11%. Tuesday, below, let’s take a look at the latest news from software giant Microsoft Corporation and its partner OpenAI. The stock fell 1.09% before trading tonight, and was at $473.90. Pre-market active stocks are in sequence: Nvidia, Tesla, Palantir Technologies, SunRun Inc and Plug Power. At the time of press time, the stock prices of these five active stocks rose and fell mixed.

For example: Recently, Microsoft has been in a deadlock on the terms of OpenAI's $3 billion acquisition of programming startup Windsurf. According to the agreement between the two parties, Microsoft can currently use all intellectual property rights of OpenAI, people familiar with the matter said. But Microsoft has provided these intellectual property rights to its own artificial intelligence programming product GitHub Copilot, which competes directly with OpenAI. Based on this, OpenAI does not want Microsoft to use its Windsurf intellectual property.

But if OpenAI really gets this far, its six-year partnership with Microsoft, which is widely regarded as one of the most successful partnerships in the history of technology, will be completely destroyed. Microsoft has been promoting the rise of OpenAI for many years in exchange for the right to use OpenAI technology. But the two sides have now evolved into competitors, making it difficult for both sides to find common ground at this stage.

The relationship between software giant Microsoft and its artificial intelligence partner OpenAI seems to be starting to get tense.

Microsoft has been promoting the rise of OpenAI for many years in exchange for the right to use OpenAI technology. But the two sides have now evolved into competitors, making it difficult for both sides to find common ground at this stage. (Reuters)

The $20 billion is part of OpenAI's previous $40 billion financing round. Its specific amount depends on the structure of its transformed public welfare company. The funding comes from multiple channels, including its largest investor, Microsoft, and other potential investors interested in supporting OpenAI.

Nevertheless, the report quoted a spokesperson for Microsoft and OpenAI in a joint statement saying: "We have established a long-term and efficient partnership that brings excellent AI tools to all. Our negotiations are still in progress. We are also optimistic that we will continue to work together in the coming years."

As Israel and Iran continue to launch missile attacks on each other, and US President Trump urged people to evacuate Tehran on social media, major stock index futures in the US Wall Street stock market fell across the board on Tuesday (June 17), and oil prices rose. At the time of 7:00, the Standard & Poor 500 futures fell by 35.00 points or 0.58% to 5998.10 points; the Nasdaq 100 futures, dominated by technology stocks, fell by 140.00 points or 0.64% to 21,797.60 points; the heavyweight Dow Jones Index futures also fell by 249.60 points to 42,265.50 points. U.S. stocks closed higher overnight (Monday). The attacks in Israel and Iran did not affect crude oil production and exports, so oil prices have also begun to fall, eased investors' concerns that rising energy prices could trigger inflation. The Standard & Poor 500 index rose 56.14 points overnight to close at 6033.11 points. The Dow Jones Index rose 317.30 points and closed at 42515.09 points. The Nasdaq 100 index also rose 1.42% or 306.53 points to close at 21,937.57 points. The U.S. stock market overnight trading is average, with the total trading volume of the exchange being 17.86 billion shares, which is less than the average trading volume of 18.14 billion shares in the past 20 days.

According to the Wall Street Journal, OpenAI hopes that Microsoft can reduce its control over its artificial intelligence products and computer resources, and also hopes that Microsoft can approve it to transform into a profitable public welfare company rather than the current non-profit company, so that OpenAI can raise more funds and pave the way for future listing.

Pre-market trading focus:

In addition, the two companies also continue to have differences on how many shares Microsoft will hold after OpenAI transforms into a charity company. According to people familiar with the matter, Microsoft is currently requiring the number of shares it holds in the new company, which exceeds the number of shares OpenAI is willing to give. Regardless, OpenAI must complete its transformation by the end of this year, otherwise it will face the risk of losing $20 billion in funds.

Tuesday (June 17) Focus: (NASDAQ: MSFT)