5 ms·
Sam's flailing. He's desperate for more money, because OAI is running out. And Sam will say anything and everything to get more money. He's making whatever nois
by groby_b 2y ago
Sam's flailing. He's desperate for more money, because OAI is running out. And Sam will say anything and everything to get more money. He's making whatever noise makes the audience feel good, truth be damned.
And it's kind of funny to see how well MS has played that particular instrument. A partnership with Sam got them 49% ownership and got rid of the doomer faction. The 75% profit share makes any future investors look long and hard at investing into what looks to be a capital-intensive low-revenue business right now.
Which makes it likely that OAI will run out of money, and oops, let's see if there aren't suddenly more than 49% ownership. And MS has a technology where they were long behind. (My bet is that the majority ownership will happen this funding round, because Sam is desperate)
The only way that doesn't happen is if Sam manages a massive investment round and finds a path to profit before the money's burned up. And the beauty of it is that the early 49% ownership means they only need to make a comparatively tiny investment this round to still be a majority owner in the company, with a 75% revenue share until their money is fully recouped. And the other investors get to bear the majority of the risk for the much larger funding round.
This are all utterly logical plays if you are willing to accept Sam is somebody who can make things move, loves gambling, and is a narcissist.
I really do think he's being played by a virtuoso, and it gives me great joy to watch that unfold.