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Microsoft To Increase Its OpenAI Stake

In addition to the $1B Microsoft already invested in OpenAI, it's tossing in another $10B, giving the startup, with no real revenue, a valuation of $23B, and also giving Microsoft almost half ownership of OpenAI.
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Thomas52 · 70-79, M
Getting into bed with the Devil, has never turned out well.
Northwest · M
@Thomas52 They need $s to operate. OpenAI is going to put shares out in an open bidding process. Microsoft will spend spend what's needed to win.
Thomas52 · 70-79, M
@Northwest I can see the dilemma, but once you let in a major corporation things that were prevously 'open' are in danger of becoming 'commercially sensitive' and closed down. AI is controversial enough without it being in the control of one major player.
Northwest · M
@Thomas52 Supposedly a couple of other major players will be involved, including Khosla Ventures are joining the frenzy, but they don't have Microsoft's deep pockets. Generally speaking though, OpenAI now acts as a sort of "clearing house" kind of like the HuffPost, so there may be enough protections, to prevent this from getting monopolized by Microsoft, but Microsoft can be fastest to implement through its entire product line, making the switch from Microsoft Office, the standard for just about everyone (and Microsoft bread and butter), to something else.
Thomas52 · 70-79, M
@Northwest It will certainly be interesting to see how this develops. AI is likely to be a game changer with pros and cons, and like the internet before it, it will be down to the user to employ their own judgements in how they do or do not use the tools it will offer.
Northwest · M
@Thomas52 This is behind a pay wall: https://www.nytimes.com/2023/01/23/opinion/ted-lieu-ai-chatgpt-congress.html

Ted Lieu represents the CA 36th District in Congress (Los Angeles area), prior to getting his law degree, Magna Cum Laude, from Georgetown, he received two degrees from Stanford, one in Computer Science and one in Political Science.