[_sword]

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

[bunderbunder]

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]

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]

Yes

[toxic72]

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

[zerosizedweasle]

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

[bunderbunder]

Moreover, the author of this article is the reporter who first reported on Enron's sketchy accounting: https://en.wikipedia.org/wiki/Jonathan_Weil

[financetechbro]

This is a funny sentence bc I consider the WSJ to be a financial news source in general

[zerosizedweasle]

It's from the financial side of a financially focused paper.

[HaZeust]

Anything else you can add to the conversation?