Microsoft’s stock price increased slightly after revealing some details about its deal with ChatGPT developer OpenAI. However, investors should be cautious as the company doesn’t disclose full information about their relationship in its financial reports. According to accounting rules, Microsoft has significant influence over OpenAI due to its equity-method investment, but this is not reflected in the recent quarterly report.
Source: https://www.wsj.com/tech/ai/microsofts-dealings-with-openai-still-need-a-lot-more-sunlight-f001cb19