Microsoft Adds OpenAI to Its List of Competitors in AI and Search

 

Software giant counts its partner among rivals such as Amazon and Google in annual report, reflecting growing overlap in their businessesMicrosoft MSFT -2.07%

decrease; red down pointing trianglehttp:// named OpenAI among its significant rivals, acknowledging that its most important partner in artificial intelligence is also increasingly competing for some of the same business.

The software giant, which has invested more than $13 billion in OpenAI, added the startup to its list of competitors in its fiscal 2024 report filed this week—the first time Microsoft has designated its partner that way in the annual filing. The maker of ChatGPT joined a shortlist of AI rivals named in the document, including Amazon AMZN -8.78%decrease; red down pointing triangle.com and Google.