Johnson Controls raises annual profit forecast on strong demand

Microsoft is in advanced negotiations with OpenAI to maintain access to their AI technologies even after OpenAI achieves artificial general intelligence (AGI). The current agreement would end Microsoft's privileged access in 2030 or upon AGI achievement. Having invested $13.75 billion, Microsoft seeks to secure long-term rights as OpenAI transitions toward a more conventional for-profit structure. The ongoing talks could reshape the AI industry landscape, with both companies expected to reach an agreement soon despite potential regulatory challenges.

Amazon-backed Skild AI has launched Skild Brain, a general-purpose AI model designed to work across various robot types. The model enables human-like capabilities including navigating obstacles, maintaining balance, and manipulating objects in complex environments. Unlike language-based AI tools, Skild trains its models using simulated scenarios and human action videos, continuously improving through data from robots using the platform. With built-in safety features limiting robot force, Skild Brain aims to revolutionize robotics across industries including healthcare and manufacturing. The startup recently secured $300 million in funding, reaching a $1.5 billion valuation.

Johnson Controls has raised its annual profit forecast after exceeding Q3 expectations, with revenue of $5.68 billion and adjusted profit of 82 cents per share. Strong demand from data centers and commercial sectors seeking advanced cooling and smart building solutions drove performance. The company increased its full-year profit forecast to $3.60 per share, prompting a 2% rise in share price.

Microsoft is negotiating with OpenAI to maintain access to their AI technology. Since 2019, Microsoft has invested billions for exclusive rights to OpenAI's models, intellectual property, and APIs through Azure. The partnership includes revenue sharing and contractual arrangements through 2030. Recent tensions involve competitive concerns and rights to acquired technologies. This significant alliance impacts both companies' offerings and sets precedents for industry collaboration, affecting tools like ChatGPT and Copilot.