Microsoft's financial report indicates OpenAI may have incurred a loss of $12 billion in the last fiscal quarter
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Microsoft's financial report revealed an unexpected expenditure that surprised analysts: a $4.1 billion expense related to its investment in OpenAI, marking a 490% increase year-on-year. According to Bernstein analyst Firoz Valiji, based on Microsoft's report of holding a 32.5% stake in OpenAI in the last fiscal quarter, this implies that OpenAI's quarterly loss exceeded $12 billion.