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Sankaraoffline

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  • Sankara posted in the group Sci & Tech

    1 year, 2 months ago
    Microsoft putting $10 billion into OpenAI, the firm behind ChatGPT, is probably the biggest tech deal ever & a game changer for the future of Artificial Intelligence 🤯

    At a $29 billion valuation, Microsoft would get 75% of OpenAI profits until it recoups $10 billion. Once they hit that threshold, they would have a 49% stake in OpenAI, with other investors taking another 49% and OpenAI’s nonprofit parent getting 2%.

    Also, by deepening the partnership with OpenAI to add GPT to the Microsoft Office suite Satya Nadella is in essence going to war with dozens of productivity startups globally.

    More importantly, this can directly change the way 1.4 billion people do their work. Every single day 😳

    Microsoft is the real winner in AI and Satya Nadella is the Michael Jordan of tech CEOs.

    h/t Ben Tossell

    P.S. check out 🔔linas.substack.com🔔, it’s the only newsletter you need for all things when Finance meets Technology. For founders, builders, and leaders.

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