Musk seeks up to $134 bn from OpenAI, Microsoft
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Microsoft has a long history with OpenAI, having invested in the company as early as 2019, well ahead of the release of ChatGPT. It now owns a 27% equity stake in the business and has contracted $250 billion in commitments from OpenAI for its cloud computing platform Azure.
OpenAI CFO Sarah Friar addressed concerns regarding the company's massive infrastructure spending, revealing that revenue has grown roughly 10x.
As the legal battle between Elon Musk, OpenAI, and Microsoft Corporation (NASDAQ:MSFT) heats up, Musk has expressed his eagerness for the upcoming trial, promising explosive revelations. Musk, a co-founder of OpenAI,
OpenAI CEO Sam Altman has had an unfortunate dose of reality, reckoning with the fact ChatGPT is a uniquely powerful money destruction machine.
OpenAI is Microsoft’s most important AI provider and its biggest cloud server customer. But as OpenAI does more business with Microsoft’s cloud rivals, Microsoft is doing more business with Anthropic,