AI
OpenAI supplied almost 11% of Microsoft's quarterly revenue
Microsoft disclosed $10bn of revenue from commercial arrangements with OpenAI, including revenue-sharing payments, in the quarter to 30 September - nearly 11% of its $92.3bn total. OpenAI-linked revenue reached $24.1bn in the fiscal year that ended in June, and outstanding receivables from the lab rose to $7.2bn from $6bn in June. Microsoft's stake slipped to about 24% from 25%, and the two companies now compete for customers while remaining each other's largest commercial counterparties.