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Did Microsoft just effectively acquire 100% of OpenAI without actually needing to cross the 49% regulatory hurdle? Depending on who follows them to MSFT, that might actually be the outcome here. And OpenAI is suddenly Xerox Parc.
>Did Microsoft just effectively acquire 100% of OpenAI No, Ilya alone is like 75% of the brains and I'm fairly certain he's not going anywhere.
Ben Thompson: The most extraordinary weekend of my career https://twitter.com/benthompson/status/1726514608234746003
Ben who?
More about him and his blog at https://stratechery.com/stratechery-plus/
Earlier quoted context omitted.
Satya will probably allow them to run a startup under the MS umbrella without interference and with full MS backing.
How will equity and compensation work AI peeps are not cheap
Have to give it to Satya. There's a thin possibility that Microsoft would have to write-off its whole $10B (or more?) investment in OpenAI, but that isn't Satya's focus. The focus is on what he can do next. Maybe, recruit the most formidable AI team in the world, removed from the shackles of an awkward non-profit owning a for-profit company? Give enough (cash) incentives and most of OpenAI employees would have no qua…
10 billion was potential investment. They transfer that in tranches, so lot of it is still in MS bank. They already have access to GPT3/4/turbo + Dalle 2/3. Plus with its hordes of lawyers, it will be an uphill battle for OpenAI to make MS lose.
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He doesn’t have to write down the investment that came in the form of azure credits. He just doesn’t have to deliver. The core thing he is 100% focused on is not having a massive stock drop Monday morning. That’s it that’s his reason to exist all weekend long. After that. He has time to figure it out.
Don't forget, MS has a board as well. One Satya reports to the same way Sam reported to the OpanAI one. Potantially loosong 10 billion is nothing the board will just shrug off.