Microsoft looking at a $10B investment into OpenAI:
• At a $29B valuation
• MSFT gets 75% of OpenAI profits until it recoups $10B
• After recouping $10B, the ownership structure becomes MSFT (49%), other investors (49%) and OpenAI non-profit parent (2%)
This is a frightening visual for me.
The first dot is the amount of data Chat GPT 3 was trained on.
The second is what chat GPT 4 is trained on.
They are already doing demos.
It can write a 60,000 word book from a single prompt.
The only question I've had about AI…