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They already invested 1 billion in 2019, I think. So maybe they already own part of OpenAI and $10 billion brings their share up to 49% at a $29 billion valuati
by __jl__ 4y ago
They already invested 1 billion in 2019, I think. So maybe they already own part of OpenAI and $10 billion brings their share up to 49% at a $29 billion valuation. Maybe I am wrong about the details here but these numbers do not mean that Microsoft is undervaluing them.
- mannerheim 4y ago75% of profit until investment is recouped sounds like a pretty bad deal, though. Not sure it makes sense to hobble a startup's ability to reinvest in themselves at this early of a stage.
- vernon99 4y agoI think this is talking about profit, not revenue. You can reinvest [edit: excessive] revenue to not have profit.
- kobalsky 4y agothey won't leave those 10 billions gathering dust, they are expecting to raise their profit to a point where having 1/4 is more than keeping 1/1 today. that or they let ChatGPT negotiate the deal.