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I’d go further than just saying “they were involved” —- by offering jobs to everyone who wanted to come with Altman, they were effectively offering to acquire O
by gcanyon 3y ago
I’d go further than just saying “they were involved” —- by offering jobs to everyone who wanted to come with Altman, they were effectively offering to acquire OpenAI, which is worth ~$100B, for (checks notes) zero dollars.
- breadwinner 3y agoYou mean zero additional dollars. They already gave (checks notes) $13 Billion dollars and own half of the company.
- rvnx 3y ago+ according to the rumors on Bloomberg.com / CNBC: The investment is refundable and has high priority: Microsoft has a priority to receive 75% of the profit generated until the 10B USD have been paid back + (checks notes) in addition (!) OpenAI has to spend back the money in Microsoft Cloud Services (where Microsoft takes a cut as well).
- gsuuon 3y agoHow has the valuation of OpenAI increased by $20B since this weekend? I feel like every time I see that number it goes up by $10B.
- tacoooooooo 3y agoyou're off by a bit, the announcement of Sam returning as CEO actually increased OpenAI valuation to $110B last night
- sebzim4500 3y ago$110B? Where are you getting this valuation of $120B?
- theptip 3y agoIf the existing packages are worth more than MSFT pay AI researchers (they are, by a lot) then it’s not acquiring OAI for $0. Plausibly it could cost in the $B to buy put every single equity holder, at a $80B+ valuation. Still a good deal, but your accounting is off.