[HN Gopher] Ask HN: What are the exact terms of the $10B Microso...
___________________________________________________________________
Ask HN: What are the exact terms of the $10B Microsoft <> OpenAI
deal?
I have not found any good description of the deal yet. Are the
terms public?
Author : MrThoughtful
Score : 17 points
Date : 2023-04-09 19:23 UTC (3 hours ago)
| ftxbro wrote:
| From https://news.ycombinator.com/item?id=35367194
|
| "I mean the conspiracy argument would be that the $10B isn't a
| normal investment. It's a special government project investment
| facilitated by OpenAI board member and former clandestine CIA
| operative and cybersecurity executive Will Hurd through his role
| on the board of trustees of In-Q-Tel the investment arm of the
| CIA. It's funneled through Microsoft instead of through Google in
| part because of Google's No-Military-AI pledge in 2018 demanded
| by its employees, after which Microsoft took over its military
| contracts including project Maven. The new special government
| project, the Sydney project, is the most urgent and ambitious
| since the project to develop nuclear weapons in the mid twentieth
| century.
|
| Of course I don't necessarily believe any of that but it can be
| fun to think about."
| JumpCrisscross wrote:
| > _$10B isn 't a normal investment_
|
| It's a few hundred million of cash and billions of Azure
| credits.
|
| > _I don 't necessarily believe any of that but it can be fun
| to think about_
|
| You're quoting yourself disabusing yourself of an argument
| you're quoting yourself making.
| ftxbro wrote:
| [flagged]
| [deleted]
| [deleted]
| ftxbro wrote:
| One interesting thing is that my homie
| https://news.ycombinator.com/user?id=ta08131942 made a throwaway
| account ten days ago, like 'throwaway 08/13/1942' which is the
| start date of the manhattan project and then he put only a single
| detailed comment https://news.ycombinator.com/item?id=35366484
| relating OpenAI to the government/intelligence/military
| SheinhardtWigCo wrote:
| green username = new account
| ftxbro wrote:
| ooh that makes sense i didn't know it
| sph wrote:
| First you quote yourself mentioning this CIA conspiracy
| elsewhere in this thread, then mention this green account, your
| "homie", with the same conspiracy.
|
| I'm not saying you're right or wrong, just it is obvious you
| two are the same people, but I do not understand creating a
| throwaway account and then doxing yourself 10 days later.
|
| I guess you hoped the throwaway account felt more credible.
| ftxbro wrote:
| > just it is obvious you two are the same people
|
| Well I'm not the same as them but I see how it looks that
| way.
| m348e912 wrote:
| Lots of Azure credits
|
| Here's a little insight:
|
| https://techcrunch.com/2023/01/23/microsoft-invests-billions...
| arthurcolle wrote:
| My mother asked me a few days ago how to invest in ChatGPT. I
| explained that it's probably the easiest expressed with some long
| dated ITM calls on MSFT
|
| Anyone know if MSFT actually has equity in OpenAI or if its just
| a "mutual partnership" ?
| JumpCrisscross wrote:
| > _it 's probably the easiest expressed with some long dated
| ITM calls on MSFT_
|
| Just buy equity. No need to sidecar long vol in the middle of a
| resolving banking crisis.
|
| > _if MSFT actually has equity in OpenAI or if its just a
| "mutual partnership"_
|
| Yes, Microsoft are taking a significant stake in OpenAI. But
| it's not equity, because OpenAI isn't a corporation.
| (Partnership interests. Economically similar.)
| NicoJuicy wrote:
| It's a delicate one.
|
| I would bet on Alphabet for the long term, the original
| inventors of the paper, together with DeepMind.
|
| But chatgpt like tech could have an effect on their advertising
| income.
|
| The question would be if it affects their advertising or if it
| actually adds a service to sell to their pool.
|
| If it adds a service to their pool, both Alphabet and Microsoft
| could be winners. But it takes a huge amount of profits/revenue
| for a service to have any affect on the stock price for both of
| them.
|
| Additionally, AWS and Meta won't stand by. We've all seen how
| much Meta is prepared to fund Zucks vision and that's
| transformers now.
|
| They even released one before ChatGPT.
|
| https://www.technologyreview.com/2022/11/18/1063487/meta-lar...
|
| Additionally, besides the impact, it's possible that it's not
| going to be as profitable as one would expect ( eg. because of
| price pressure due to competition)
| 908B64B197 wrote:
| > I would bet on Alphabet for the long term, the original
| inventors of the paper, together with DeepMind.
|
| > But chatgpt like tech could have an effect on their
| advertising income.
|
| An AI response costs a lot more to serve than a search query.
|
| Microsoft is integrating GPT into it's SaaS offerings (see
| copilot), where it adds new features (and is gaining traction
| for it's adds and search products). Meanwhile, for every GPT
| query served by Google, it costs them significantly more and
| can't be monetized right now with adds.
| jerrygenser wrote:
| There's been a brain drain from alphabet, why do you bet
| despite this?
| rvnx wrote:
| Most of the people from the original Transformers left
| Google as far as I know, (including for OpenAI), so...
|
| NicoJuicy: Have you ever tried Bard, the "ChatGPT-Killer"
| (English-only btw) ?
| spaceman_2020 wrote:
| I can't bet on Alphabet with the current leadership. You
| either need a visionary CEO or the original founders to have
| the courage to gut your entire revenue stream (ads) in
| pursuit of a new tech.
|
| Pichai is not that guy.
| user_named wrote:
| Wouldn't buying the MSFT stock be easier?
| m348e912 wrote:
| Before thinking about investing in AI, it might be worth
| watching the all in podcast from last week (not the most recent
| one) https://www.youtube.com/watch?v=qQ544sWC8ZQ
|
| I am not saying the hosts are right about everything but they
| made a point that the first to the market may not be the
| eventual winner and provided some examples of how revolutionary
| ideas such as a cell phone/smart phone were iterated several
| times before major leaders broke away.
|
| The same can be seen with search and other technologies.
| fswd wrote:
| this was reeeaaallly f good. Thanks
| inconceivable wrote:
| right, but was openai "first to market"? google and amazon
| have had AI offerings for a while now.
| tough wrote:
| Was apple ever first to market anything?
___________________________________________________________________
(page generated 2023-04-09 23:01 UTC)