| ▲ | freediddy 3 hours ago | |
Microsoft didn't sell anything. OpenAI created more shares and sold those to investors, so Microsoft's stake is getting diluted. And Microsoft only paid $10B for that stake for the most recognizable name brand for AI around the world. They don't need to "hedge their bets" it's already a humongous win. Why let Altman continue to call the shots and decrease Microsoft's ownership stake and ability to dictate how OpenAI helps Microsoft and not the other way around? | ||
| ▲ | zozbot234 3 hours ago | parent | next [-] | |
> They don't need to "hedge their bets" it's already a humongous win. That's a flawed argument. Why wouldn't you want to hedge a risky bet, and one that's even quite highly correlated to Microsoft's own industry sector? | ||
| ▲ | theplatman 2 hours ago | parent | prev | next [-] | |
do we know whether Microsoft could have been selling secondary shares as part of various funding rounds? my impression is that many of these "investments" are structured IOUs for circular deals based on compute resources in exchange for LLM usage | ||
| ▲ | tonyedgecombe 3 hours ago | parent | prev [-] | |
About the same as they wasted on Nokia. | ||