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1.	Microsoft Gets 27% Stake in OpenAI, Access to Models Through 2032 By Aaron Holmes Source: The Information

Microsoft will get a 27% stake in OpenAI valued at $135 billion and will retain the rights to use the startup’s intellectual property through 2032, the companies announced on Tuesday.

Microsoft will give up its right of first refusal over OpenAI’s compute contracts, which had meant OpenAI had to ask Microsoft first whether it could handle cloud computing needs before OpenAI could ask other cloud firms. In recent months OpenAI has got permission from Microsoft to strike deals with a variety of cloud firms, including Oracle and Google Cloud.

In exchange for Microsoft giving up the right, OpenAI has committed to spend an additional $250 billion on Azure server rentals over an unspecified period of time, the companies said.

The companies also announced several tweaks to their existing agreement. Microsoft’s rights to OpenAI IP no longer include the startup’s hardware products, and OpenAI can develop new products with third parties other than Microsoft. But Microsoft will continue to get a share of OpenAI’s revenue until 2030 or until the startup develops artificial general intelligence, or AI capable of human-level thinking, the companies said.

The announcement comes as OpenAI moves ahead with its plans to restructure its for-profit business, a key step in its ability to raise more money and eventually go public.

2.	Nvidia Has Received More Than $500 Billion in Orders Through 2026 By Rocket Drew Source: The Information

Nvidia CEO Jensen Huang revealed Tuesday that Nvidia has received more than $500 billion in orders, counting from the start of calendar 2025 through 2026, reflecting demand for its latest chips, the Blackwell and the Rubin. That’s an enormous volume of orders, more than five times the revenue generated by an earlier generation of Nvidia chips, Hopper, from 2023 to 2025, excluding sales in Asia. Nvidia stock rose 5%.

Meanwhile, Nvidia also announced that it would invest $1 billion in Nokia, the Finnish telecommunications company that provides network equipment and software. As part of the deal, Nokia will adopt Nvidia’s new telecommunications hardware that is designed for artificial intelligence.

“We’re going to create, for the first time, a software-defined programmable computer that’s able to communicate wirelessly and do AI processing at the same time,” said Huang said onstage at Nvidia’s developer conference in Washington, D.C. Using AI will be able to make wireless communications more energy-efficient, he said.

Nvidia announced a collaboration with the U.S. Department of Energy and Oracle to develop two AI systems at the Argonne National Lab, one of which will include 100,000 Blackwell chips and the other of which will feature 10,000. Nvidia also announced that nine national labs and many quantum computing companies will adopt Nvidia’s new technology for connecting AI chips and quantum computers.

Huang played to the patriotism of the D.C. audience, opening his talk with a video montage of U.S. inventions and closing by thanking the audience for “making America great again.” He gave shoutouts to Energy Secretary Chris Wright and President Donald Trump.

3.	Apple Supplier Skyworks Solutions to Buy Rival Qorvo for $10.6 Billion By Martin Peers Source: The Information

Skyworks Solutions, which supplies radio frequency chips to Apple and other smartphone makers, is acquiring its main rival Qorvo for $10.6 billion in a combination of cash and stock. The news, announced Tuesday morning, confirmed a report in The Information late Monday night. Skyworks’ shares jumped 13% on Tuesday, while Qorvo shares rose 11%.

The deal comes as growth in the smartphone maker has slowed, as consumers hold onto phones longer. Both companies had also warned that sales to their biggest customer, which they previously said was Apple, were weakening because other rivals were winning business. In a statement, Skyworks CEO Phil Brace said the combination would have more ability to “bring even greater innovation to our customers.”

Qorvo’s sales in the June quarter, for instance, fell 7.6%. It fell 1.3% in fiscal 2025. Skyworks reported a 5.2% decline in revenue for the nine months ending June. The price Skyworks is paying for Qorvo, of about $114 a share based on Skyworks’ price early Tuesday, was a big premium to where Qorvo has lately been trading. It had closed on Monday at $92.13.

4.	OpenAI Recapitalizes as Public Benefit Corporation By Sri Muppidi Source: The Information

OpenAI on Tuesday said that it completed its corporate restructuring into a public benefit corp., clearing the company’s path to an eventual public offering. Microsoft, which had invested more than $13 billion into the company, holds a 27% equity stake in the company worth $135 billion based on the company’s recent employee share sale that values it at $500 billion, confirming some details earlier reported by The Information.

OpenAI’s nonprofit, which had previously controlled the for-profit when it was a limited liability corp., is now called the OpenAI Foundation and holds a 26% equity stake in the public benefit corp., for a stake worth roughly $130 billion. The OpenAI Foundation also has warrants to receive additional shares if it hits a certain valuation. That mirrors the prior arrangement, which allowed the nonprofit to receive profits after early shareholders and employees were paid out a portion of eventual profits. OpenAI’s employees and investors hold the remaining 47% of the company.

On Tuesday the Delaware and California state attorneys general, which needed to review the conversion because of the AI research lab’s start as a nonprofit, said they won’t oppose the recapitalization.

The state attorneys general noted they had secured certain commitments, including that the nonprofit’s board will retain control and oversight over the public benefit corp. The board of the nonprofit includes most of the members of the for-profit board, including OpenAI CEO Sam Altman.

5.	Cursor Co-Founder Departs By Rocket Drew Source: The Information

Arvid Lunnemark, one of the four co-founders of Anysphere, which develops the Cursor AI coding software, announced that he is leaving the startup earlier this month.

“Today, I told the team that I have decided to leave Cursor,” he wrote in a statement on his website on October 18th. “It is, of course, with a mix of feelings. I’m sad to leave the team and the product; I’m excited for the ideas I get to explore next.”

Lunnemark studied math and computer science at MIT, according to his LinkedIn, before co-founding Anysphere in 2022 with three classmates. Enthusiasm for AI-powered coding tools has propelled Anysphere to over $500 million in annual recurring revenue earlier this year. Anysphere has been considering offers to invest in the startup at around a $30 billion valuation.