Microsoft Earnings Suggest OpenAI Lost $11.5 Billion Last Quarter

Daring Fireball
By John GruberOct 30, 2025, 7:43 pm502 ptsTop
Matt Rosoff, writing for The Register: If Microsoft owns 27 percent of OpenAI, it stands to reason under equity accounting that it bears 27 percent of OpenAI’s losses. Microsoft’s admission that it shaved $3.1 billion off its net income to account for its share of OpenAI losses therefore suggests OpenAI lost…

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