'Why OpenAI Could Lose $5 Billion This Year' - The Information
Portfolio Pulse from Benzinga Newsdesk
OpenAI is projected to lose $5 billion this year, raising concerns about its financial stability. Microsoft (MSFT), a significant investor in OpenAI, could be impacted by these losses.
July 24, 2024 | 1:22 pm
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Microsoft, a major investor in OpenAI, could face financial implications due to OpenAI's projected $5 billion loss this year.
As a significant investor in OpenAI, Microsoft's financial performance could be affected by OpenAI's substantial projected losses. This could lead to a negative sentiment around MSFT stock in the short term.
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