zlacker

That Microsoft agreed to such a deal is negligence of the highest order.

>>jnwats+(OP)
It might have been the only deal on the table. Perhaps they thought the risk was worth it - good processes don't always lead to good outcomes. Perhaps they felt that the rights they gained to the GPT models was worth it even if they don't get direct influence over OpenAI.

Between Bing, o365, etc. etc. etc. it's possibly they could recoup all of the value of their investment and more. At the very least it is a significant minimization of the downside.

>>jnwats+(OP)
We have no idea what the terms of the deal are. It's probably "up to" $20 billion.

>>jnwats+(OP)
They put out a statement saying they have what they need. I don't see how Microsoft loses here. Either they get altman back at openai and get rid of the ethics crowd and make bank, or they find his new startup without the move slow crowd and make bank. No matter what they win.

>>jnwats+(OP)
As I understand it, they got all the model details and most of their investment was actually cloud credits on Azure. So technically they can cancel those going forward if they want to and deal with whatever legal ramifications exist. All of GPT4 (and other models) for probably $1-2b may not actually be a bad deal for them even if that's all they get.