zlacker

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.

>>gcanyo+(OP)
You mean zero additional dollars. They already gave (checks notes) $13 Billion dollars and own half of the company.

>>breadw+52
+ 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).

>>gcanyo+(OP)
How 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.

>>gcanyo+(OP)
If 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.

>>gsuuon+V2
you're off by a bit, the announcement of Sam returning as CEO actually increased OpenAI valuation to $110B last night

>>gsuuon+V2
$110B? Where are you getting this valuation of $120B?