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_sword | 4 months ago

This is a silly article. Since MSFT took a ~49% stake in OpenAI, it records its share of OpenAI's net losses in the other income line under the equity method of accounting. MSFT is offsetting its taxable income based on a prior investment

discuss

bunderbunder|4 months ago

The complaint is not that MSFT is reporting the loss. It's that, in terms of both the % of OpenAI and the dollar value of the stake, it's large enough that there should also be a related party disclosure.

IANAA so I don't know how true that is. Just wanting to point out that I don't think you're responding to the key point of the article.

logankeenan|4 months ago

Can you elaborate on this a bit more? Does that mean OpenAI had a ~$9.4 billion loss so MSFT needs to put 49% of that loss in their books?

KoolKat23|4 months ago

Yes

toxic72|4 months ago

I always chuckle when tech writers take a stab at financial statements

zerosizedweasle|4 months ago

Heard on the Street is the financial side of the WSJ.

HaZeust|4 months ago

Anything else you can add to the conversation?