Microsoft takes $3.1 billion hit from OpenAI investment
1. Microsoft's net income fell $3.1 billion due to OpenAI investment. 2. OpenAI's new structure shows Microsoft's $135 billion stake and $250 billion Azure deal. 3. Microsoft's Azure cloud grew by 40%, exceeding expectations amidst competition in AI. 4. Despite profit drop, net income rose from $24.67 billion to $27.7 billion. 5. Collaboration with OpenAI intensifies competition in the AI market.