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0 pointshimaraya2y ago0 comments

100x first-round investment and lower multiples for subsequent rounds, so much less than $1T.

0 comments

what do you mean? Are you saying that is part of the article of incorporation for for-profit Open AI?

> Returns for our first round of investors are capped at 100x their investment (commensurate with the risks in front of us), and we expect this multiple to be lower for future rounds as we make further progress.

https://openai.com/blog/openai-lp

s1artibartfast2y ago

So microsoft got in at round 1, and then round 2 for some nebulous multiple which may or may not be less than than.

These weasel words are not proof of anything

himarayaOP2y ago

Microsoft's first-round investment totals $1bn at most. Nothing public substantiates a profit cap of $1tn.

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s1artibartfast2y ago

what do you mean? Are you saying that is part of the article of incorporation for for-profit Open AI?

himarayaOP2y ago

https://openai.com/blog/openai-lp

s1artibartfast2y ago

So microsoft got in at round 1, and then round 2 for some nebulous multiple which may or may not be less than than.

These weasel words are not proof of anything

himarayaOP2y ago

Microsoft's first-round investment totals $1bn at most. Nothing public substantiates a profit cap of $1tn.

1 more reply

j / k navigate · click thread line to collapse