Microsoft logs $3.2B from Anthropic investment, but OpenAI was a mixed bag
Microsoft reported a $3.2 billion gain from its investment in Anthropic, which boosted diluted earnings per share by 33 cents, while its OpenAI investment declined by $600 million, reducing diluted EPS by about 7 cents. The Anthropic investment, part of a $30 billion Azure services agreement, was not updated quarterly, but the OpenAI investment did receive quarterly disclosures. Despite the write-down, the $600 million was considered a rounding error for Microsoft, which delivered a highly profitable quarter with $90 billion in revenue and $35.8 billion in net income. The Anthropic gain of $5 billion contributed $0.67 to EPS, surpassing the $3.2 billion gain
More from Techcrunch
Microsoft kills off unsuccessful AI features while merging its separate Copilot apps
Microsoft is simplifying Copilot by combining its consumer and business apps, and dropping AI-generated podcasts, Group Chats, Deep Research, and its Mico character.
techcrunch.com··Mads Kristian Nylund·AI ToolsAI InfrastructureAI Governance
Nvidia’s new $500B plan is risky but brilliant, especially for aging GPUs
Nvidia has a plan to make sure its GPUs won't lose value. It wants to convince a new crop of financiers to keep lending for AI buildouts.
techcrunch.com··Mads Kristian Nylund·AI DevelopmentAI InfrastructureAI Governance
Apple in talks to pay publishers to provide Siri with current news: report
The tech giant has considered a nine-figure budget for the payments, according to the WSJ.
techcrunch.com··Mads Kristian Nylund·AI ToolsAI EthicsAI Platforms