Microsoft's investment in OpenAI has surpassed the $92 billion return target, with a valuation of $1.35 trillion.

AIMPACT message: On May 12 (UTC+8), court-revealed Microsoft planning documents from early 2023 show that Microsoft set a $92 billion return target as part of its large-scale initial investment in OpenAI. Microsoft CEO Satya Nadella confirmed this target on Monday while testifying at the U.S. District Court in Oakland, California, in Elon Musk’s lawsuit against OpenAI and Microsoft. Nadella stated that these investments “worked well because we took the risk” and expressed being “very proud” of the partnership. By early 2023, Microsoft had cumulatively invested approximately $13 billion in OpenAI. As OpenAI’s valuation surged significantly thereafter, reaching over $850 billion by the end of March this year, the value of Microsoft’s stake in OpenAI has risen to approximately $135 billion—far exceeding the original $92 billion return target. As part of OpenAI’s restructuring last year, Microsoft acquired a 27% ownership stake in the company. (Source: BlockBeats)