4 ms·

Microsoft owning 49% of OpenAI probably helps.

• famouswaffles 3y ago
  They don't actually own 49% of Open AI yet. The deal was $10B for 75% of Open AI's profits until Microsoft recouped this investment. After the investment is recouped, then they have 49% of Open AI. The deal included access to all of Open AI's model.
  • dooraven 3y ago
    that seems like an awful deal for OpenAI. Especially since there are so many AI Labs popping up, how exactly are they going to make enough profit to pay back 10 billion?
    • morelisp 3y ago
      If they can't pay it back, that seems like an awful deal for MS, and a great deal for OpenAI.
      • conradfr 3y ago
        Of course it's "only" 10% of their cash reserve anyway.
    • dragonwriter 3y ago
      > Especially since there are so many AI Labs popping up, how exactly are they going to make enough profit to pay back 10 billion? By building relationships with government officials and media, and using X-risk fearmongering to lobby for regulation that inhibits competition and locks in their dominant position.
  • YetAnotherNick 3y ago
    No, after the 100*investment is recouped, MS will own 0% of openAI. Now they own 49%.