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13metalmilitia t1_j6fldte wrote

Those are all Microsoft basically. Lol. That’s like saying gm, Chevrolet, Cadillac.

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HeavensCriedBlood t1_j6fvw9h wrote

Microsoft isn't the parent organization of OpenAI

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t4ct1c4l_j0k3r t1_j6gueuc wrote

There is certainly enough financial stake

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AadamAtomic t1_j6gvglz wrote

Oh no! Microsoft's unlimited wallet that runs half the digital world!

There is no financial stake. Lol

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Giblet15 t1_j6hhr11 wrote

I'll just leave this here.

https://blogs.microsoft.com/blog/2023/01/23/microsoftandopenaiextendpartnership/

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AadamAtomic t1_j6hi1n6 wrote

>I'll just leave this here.

That's exactly my point. That's literally pocket lint in the eyes of Microsoft , and you're all calling it a ""financial stake."" Lol

It just goes to show that people have no fucking clue the amount of money these corporations have, because it's literally unfathomable to your human brain.

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Giblet15 t1_j6hj1l6 wrote

Why does it matter how much they have when defining whether they have a financial stake or not?

$10 or $10B Microsoft has invested in Open AI. They by definition have a financial stake.

$10B is also not a negligible amount to Microsoft. On their most recent 10-Q they had about $100B in cash. This investment was 10% the amount of cash on hand.

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AadamAtomic t1_j6hjhxe wrote

>Why does it matter how much they have when defining whether they have a financial stake or not?

Because nothing is at stake. It's literally an investment.

If OpenA.I failed miserably, Microsoft would lose practically nothing and forget it ever happened just like their cell phones. Business as usual.

>$10B is also not a negligible amount to Microsoft. On their most recent 10-Q they had about $100B in cash.

My dude.... $100B in cash IS WORTH WAYYYY MORE than credit. This is not the amount of money they have or made. This is simply their Liquidity for throwing at random bullshit like Open.AI.

To Microsoft, it's the equivalent of buying a happy meal from McDonald's. Do you consider that a financial Stake?

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Loud-Path t1_j6jfax2 wrote

The amount is not relevant. The stake is, if you bothered to read the agreement, that 75% of all profits MUST go back to Microsoft until it is paid back, and then Microsoft owns 49% of the company. I.e. they are defacto a subdivision of Microsoft and are going to be at MS's beck and call. The bank I work for has 49% owned by a single person, guess what, even though he is not a majority stock holder he is considered the owner as he can easily get 2% of other people's votes to go his way.

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AadamAtomic t1_j6kev0h wrote

>The bank I work for has 49% owned by a single person, guess what, even though he is not a majority stock holder he is considered the owner as he can easily get 2% of other people's votes to go his way.

Sounds like a shit bank where the guy literally cannot leave without destroying them. If he dies, and the engeratance is split up that bank is out of business. Lol

>The amount is not relevant.

Goes on a random tangent about how much some Rando person has in a bank*

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nyaaaa t1_j6i44zq wrote

One billion a few years ago, 10 billion few weeks ago.

And the one with first dips on $$

> Microsoft will reportedly get a 75% share of OpenAI’s profits until it makes back the money on its investment, after which the company would assume a 49% stake in OpenAI.

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