Reflecting in the 10-K filing to the US Securities and Exchange Commission (SEC) for its regular financial performance and condition report in July, Microsoft presents a dual-faced portrayal of its relationship with OpenAI. In this report, Microsoft clearly states that OpenAI is not only a significant strategic partner in driving business growth and technological innovation but also a direct competitor in the market. This description highlights the nuanced value Microsoft places on OpenAI - recognizing it as both a growth opportunity and a challenge due to its position as a leading enterprise in the AI domain. By articulating such a complex relationship, Microsoft emphasizes its balanced approach towards collaboration and competition with OpenAI, strategically aiming to meet the dual demands of partnership and market rivalry.