Microsoft disclosed equity investment in OpenAI for the first time, SEC filings show.
AdvertisementMicrosoft disclosed an equity investment in OpenAI for the first time, according to its latest SEC filings.
"We have an investment in OpenAI Global, LLC ("OpenAI") and have made total funding commitments of $13 billion," Microsoft wrote in the SEC filing on Wednesday.
In previous SEC filings, Microsoft described the nature of its relationship with OpenAI as a partnership rather than an equity investment.
"Going from 'partnership' to 'equity method investment' disclosure, including that losses are being recorded for their share, is a big change," McKenna added.
Persons:
OpenAI, —, Francine McKenna, McKenna, Amy Hood, Copilot
Organizations:
Microsoft, SEC, Service, OpenAI, supercomputing
Locations:
OpenAI