Microsoft reveals first OpenAI investments, totaling $13 billion, expensed under "equity method" 

Microsoft disclosed its $13 billion equity investment in OpenAI for the first time in its third-quarter earnings report and expects to record an investment loss of about $1.5 billion in the fourth quarter. Microsoft said this loss does not affect its partnership with OpenAI and will continue to drive revenue growth in the future. The disclosure marks a new stage in accounting for Microsoft's relationship with OpenAI. (Alltech)