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A substantial part of the bucket is filled with azure credits, rather than anything liquid (groan) Also, "we have so much money that we don't even need to thin
by taylorfinley 4y ago
A substantial part of the bucket is filled with azure credits, rather than anything liquid (groan)
Also, "we have so much money that we don't even need to think about the value we're getting by spending this $11M" is exactly the kind of thinking that leads to an inevitable fade into irrelevancy.
- elil17 4y agoAbout 500M is in the form of Azure credits. Those Azure credits should be as good as cash to OpenAI given that they are in the business of training AI models. Tesla paid 11M for tesla.com. Apple paid 6M for iCloud.com. They are still doing fine. And if either fails, it won't be because they bought domain names.