Microsoft recently signed a deal with the London Stock Exchange. They took a 4% stake in LSE (roughly $1.5B) and in exchange LSE signed a $2.8B minimum spend commit on Microsoft Cloud products (Azure, O365 primarily). If the OpenAI deal were structured similarly, could imply a $20B contract for Microsoft...
https://www.lseg.com/en/media-centre/press-releases/2022/lse...