Microsoft aimed for $92B return on OpenAI investment, Nadella says

A January 2023 memo from Microsoft President Brad Smith to the company’s board projected a $92 billion return on Microsoft’s cumulative $13 billion investment in OpenAI, according to court documents disclosed Monday, May 11. The figure surfaced during testimony by Microsoft CEO Satya Nadella at the federal courthouse in Oakland, California, per Bloomberg. “It has...