Microsoft takes a $3 billion plus hit to its net income, and the reason is ChatGPT-maker OpenAI
Microsoft reported strong quarterly earnings, with net income reaching $27.7 billion despite a $3.1 billion drag from its OpenAI investment. CEO Satya Nadella lauded the partnership, which now values Microsoft's stake at $135 billion. Azure cloud services drove significant growth, exceeding analyst expectations.
Microsoft reported strong quarterly earnings, with net income reaching $27.7 billion despite a $3.1 billion drag from its OpenAI investment. CEO Satya Nadella lauded the partnership, which now values Microsoft's stake at $135 billion. Azure cloud services drove significant growth, exceeding analyst expectations.
