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Against the backdrop of a capital-intensive AI build-out, Microsoft's fiscal fourth-quarter results for the year ended June 30 contained a notable divergence in its private-market bets.
The company reported a $3.2 billion gain from its investment in Anthropic.
Its position in OpenAI, which competes with Anthropic across the same model markets, was described only as a mixed bag inside what were otherwise strong quarterly results.
Two competing labs, one backer Microsoft holds stakes in both Anthropic and OpenAI, the two largest independent AI labs by current reckoning.
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