"Microsoft “invests” in Openai by giving the company free access to its servers. Openai reports this as a ten billion dollar investment, then redeems these “tokens” at Microsoft’s data-centers. Microsoft then books this as ten billion in revenue.
That’s par for the course in AI, where it’s normal for Nvidia to “invest” tens of billions in a data-center company, which then spends that investment buying Nvidia chips. It’s the same chunk of money is being energetically passed back and forth between these closely related companies, all of which claim it as investment, as an asset, or as revenue (or all three)."
https://pluralistic.net/2025/09/27/econopocalypse/