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1. TapWat+(OP)[view] [source] 2023-11-19 06:14:47
While this may be technically true, the reality is that when you take $10 billion from a company there are strings attached. Consultation on a decision of this magnitude is one of those strings. You can choose to push ahead anyway after this is done but dropping the news on them 1 minute before you pull the trigger is unacceptable and MSFT will go for the throat here. You can't be seen to be a company that can be treated like this at MSFT level when you have invested this much money in any org.
replies(2): >>hcks+Z >>jliptz+zb
2. hcks+Z[view] [source] 2023-11-19 06:26:36
>>TapWat+(OP)
Once you take in 10 billions then it’s pretty much the opposite, legality is the only things that matter.
replies(3): >>rich_s+N1 >>TapWat+O5 >>WendyT+J7
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3. rich_s+N1[view] [source] [discussion] 2023-11-19 06:36:15
>>hcks+Z
Did they take a wire transfer for $10bn in cash, now sitting in their bank account? Or did they get a promise of various funding over N years, subject to milestones, conditions, in a variety of media including cash, Azure credits, loan lines etc.

I'd imagine the latter, and that it can be easily yanked away.

replies(1): >>WendyT+A7
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4. TapWat+O5[view] [source] [discussion] 2023-11-19 07:15:26
>>hcks+Z
Depends what you mean. Legally they might be in the clear but guarantee when you fuck around with billions of other people's money, it gets more complicated that that.
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5. WendyT+A7[view] [source] [discussion] 2023-11-19 07:37:18
>>rich_s+N1
You mean the latter, but yeah. Financing like that is doled out based on a number of things; it would be wildly irresponsible to do otherwise for reasons exactly like this.
replies(1): >>rich_s+i9
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6. WendyT+J7[view] [source] [discussion] 2023-11-19 07:38:50
>>hcks+Z
No, that's not it; relationships play gigantic roles in large deals.

Besides, even if you had an outstanding contract for $10bn, a judge would not pull a "well technically, you did say <X> even though that's absurd, so they get all the money and you get nothing."

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7. rich_s+i9[view] [source] [discussion] 2023-11-19 07:54:43
>>WendyT+A7
Fixed, thanks!
8. jliptz+zb[view] [source] 2023-11-19 08:17:28
>>TapWat+(OP)
There are lots of other people and companies with $10 billion though. Why does it have to be Microsoft? Even after this circus, Open AI could still probably raise a ton of money from new entities if they wanted to. Maybe that is the point of this.
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