Key insights
- OpenAI partnered with Malta to provide ChatGPT Plus access to all residents after completing an AI course. This initiative, the first of its kind, aims to integrate AI into daily life. While the financial details are undisclosed, this signals OpenAI's push for global AI adoption, potentially boosting long-term growth prospects for the company and the broader AI sector, with a mild positive influence on US equities.

May 16 (Reuters) - U.S. artificial intelligence company OpenAI said on Saturday it had signed a deal with the government of Malta to give all residents access to its ChatGPT Plus service for one year after they follow a course on how to use AI.
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The programme will start in May and is expected to scale up as more Maltese residents complete the course, which will be free.
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It will also be open to Maltese citizens living abroad.
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"We are turning an unfamiliar concept into practical assistance for our families, students, and workers," Maltese Economy Minister Silvio Schembri was quoted as saying in an OpenAI statement.
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Malta is the first country to launch such a programme.
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The company did not disclose the financial details of the deal.