I expect this deal to be a must for Microsoft. OpenAI is probably very happy to raise the stakes as much as possible. So we will see how many billions Microsoft ends up paying for this. Still, is there a world in which we look back 10 years from now and think that we were overvaluing the impact of AI? (For example, this did happen with tablets, when people thought that the iPad would replace "computers"...)
Nah -- this sounds like Google buying YouTube or Android for billions while they were in their infancy but had proven tech. People did say at the time Google overpaid but they were some of the wisest investments Google ever made. I hope Microsoft don't buy them and OpenAI just becomes another FANG.
Microsoft eyes $10B bet on ChatGPT
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Re: Microsoft eyes $10B bet on ChatGPT
#242Re: Microsoft eyes $10B bet on ChatGPT
#243I expect this deal to be a must for Microsoft. OpenAI is probably very happy to raise the stakes as much as possible. So we will see how many billions Microsoft ends up paying for this. Still, is there a world in which we look back 10 years from now and think that we were overvaluing the impact of AI? (For example, this did happen with tablets, when people thought that the iPad would replace "computers"...)
Re: Microsoft eyes $10B bet on ChatGPT
#244Earlier quoted context omitted.
Clippy: It looks like you're browsing through job applications, do you want me to filter out those which I wrote?
Clippy: Or, would you like me to forget the application letters and just go through the LinkedIn accounts of the applicants and suggest top three candidates for you?
Re: Microsoft eyes $10B bet on ChatGPT
#245This is a great conversation, but I need to switch back over to my work issued machine and generate more content in Office365 to feed the models. O365, Linkedin, Xbox, Github, and other data factories have been generating a ton of data for years. Although many of us try to keep our coms private, we are forced to use their platforms at work.
Re: Microsoft eyes $10B bet on ChatGPT
#246Think about what that means for writing (and reading!) emails. Powerpoint slides. Internal Wikis. The ability for enterprises to do custom training based on their own data.
Re: Microsoft eyes $10B bet on ChatGPT
#247I notice a few people lamenting that OpenAI will no longer be... open. But I have to wonder, in what sense is OpenAI open today ? In 2019, OpenAI transitioned from non-profit to for-profit. At that time, Microsoft invested US$1 billion into the company. OpenAI then announced its intention to commercially license its technologies.
Re: Microsoft eyes $10B bet on ChatGPT
#248I notice a few people lamenting that OpenAI will no longer be... open. But I have to wonder, in what sense is OpenAI open today ? In 2019, OpenAI transitioned from non-profit to for-profit. At that time, Microsoft invested US$1 billion into the company. OpenAI then announced its intention to commercially license its technologies.
Re: Microsoft eyes $10B bet on ChatGPT
#249$10 Bilion for the non-ruling half of OpenAI? Impresssive. As a reference Microsoft paid $7.2 billion for the entire handset business of Nokia (which was floundering at the time, but still).
What's the path to monetization for Microsoft for OpenAI/ChatGPT?
Re: Microsoft eyes $10B bet on ChatGPT
#250>The AI firm is currently raising funds at a $29 billion valuation. >The tech-industry giant is ready to pay upwards of $10 billion for the acquisition [49%] So Microsoft is undervaluing them, and also soaking up 75% of profit until their investment is paid back? Seems like a bad deal.
Helps when you can limit OpenAI’s inference capacity during negotiations