Bigger than Bing or Xbox: Microsoft’s OpenAI Haul Reaches $10B in Quarterly Revenue
The company said OpenAI-related revenue made up nearly 11% of its quarterly sales, underscoring the scale of their financial ties.
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4 Articles
Bigger than Bing or Xbox: Microsoft’s OpenAI haul reaches $10B in quarterly revenue
OpenAI generated $10 billion in revenue for Microsoft in the quarter ended Sept. 30, about 11% of Microsoft's total, according to the company's quarterly filing. That's more than Microsoft made in the quarter from Xbox, search and advertising, or Windows PC licensing and Surface devices.
Microsoft recorded $10 billion in revenue from OpenAI
Microsoft said it made $10 billion in revenue from commercial arrangements with OpenAI, including revenue-sharing payments, in the quarter ending September 30. It underscores the still-enormous financial dependency of the partnership.
US technology company Microsoft reported good results for the first quarter of its fiscal year, but "celebration comes at a price," an investment strategist emphasizes.
While the tech sector continues to pour huge sums into artificial intelligence with an unclear payback period, for Microsoft, at least one part of its AI business is already generating tangible revenue. The company recorded $10 billion in revenue from its business relationship with OpenAI in the three months through the end of September, according to its quarterly filing with the U.S. Securities and Exchange Commission (SEC). The amount also inc…
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