Microsoft disclosed an equity investment in OpenAI for the first time, SEC filings show.
"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.
Related storiesIn a previous SEC filing, Microsoft described the nature of its relationship with OpenAI as a partnership rather than an equity investment.
"We have a long-term partnership with OpenAI, a leading AI research and deployment company," Microsoft wrote in its annual SEC filing from late July.
In the July filing, Microsoft listed OpenAI as a competitor for the first time.
Persons:
OpenAI, —, Francine McKenna, Sam Altman, McKenna, Microsoft's, Copilot
Organizations:
Microsoft, SEC, Service, OpenAI, supercomputing
Locations:
OpenAI