OpenAI bets heavily on a $40 billion financing, which is besieged by Microsoft. It reorganizes the harsh terms, and if it fails, the amount will be halved to $20 billion. However, behind this huge sum of money, there lies a "trap" - if OpenAI cannot successfully transform into an independent...

OpenAI bets $40 billion on financing, being encircled by Microsoft. The overbearing terms are reorganized, and if it fails, the amount is halved to $20 billion. However, behind this huge sum of money, there is a "trap" - if OpenAI cannot successfully transform into an independent...

via cnBeta.COM Chinese Industry Information Station - Telegram Channel

Telegraph
OpenAI bets $40 billion on financing, being encircled by Microsoft. The overbearing terms are reorganized, and if it fails, the amount is halved to $20 billion. However, behind this huge sum of money, there is a "trap" -...

OpenAI bets $40 billion on financing, being encircled by Microsoft. The overbearing terms are reorganized, and if it fails, the amount is halved to $20 billion. However, behind this huge sum of money, there is a "trap" - if OpenAI cannot successfully transform into an independent for-profit company by the end of the year, it can only get half of the funds, which is $20 billion. This is not only a financing game but also a crucial test for OpenAI's future development. The initial $10 billion is a certainty, and if the transformation is successful, "pay in full". It is reported that this round of financing will be led by SoftBank of Japan, which is expected to contribute up to $30 billion, and the rest will be completed in conjunction with other investors such as Microsoft. If everything goes smoothly, OpenAI's valuation will soar to $300 billion, making it the "unicorn king" in the AI field. However, this 4...