Microsoft says it took $3.1 billion hit from OpenAI investment: CEO Satya Nadella calls partnership ‘historic’
Microsoft reported a $3.1 billion net income hit due to its OpenAI investment, following the AI partner's recent recapitalization. Despite this, CEO Satya Nadella hailed the partnership as a historic success, noting a tenfold return and a new $250 billion Azure services contract, even as Microsoft develops its own AI models.
Microsoft reported a $3.1 billion net income hit due to its OpenAI investment, following the AI partner's recent recapitalization. Despite this, CEO Satya Nadella hailed the partnership as a historic success, noting a tenfold return and a new $250 billion Azure services contract, even as Microsoft develops its own AI models.
