←back to thread

236 points inesranzo | 1 comments | | HN request time: 0s | source
Show context
postalcoder ◴[] No.46232000[source]
buried the lede:

> As part of the agreement, Disney will make a $1 billion equity investment in OpenAI, and receive warrants to purchase additional equity.

I say this with no snark or disdain: Sam has mastered the art of the flywheel.

Re licensed ai videos, if anyone wants to see the perspective the C-suites are being sold on, check out this episode of Belloni's The Town, in which they discuss the vision for AI + IP https://overcast.fm/+AA4DU9JreIE

replies(4): >>46232103 #>>46238050 #>>46238449 #>>46241971 #
npollock ◴[] No.46238449[source]
Disney said "Our IP is $1B for a 3yr license, or we sue"

Altman said "We can pay with equity, but let's frame it as an investment"

No cash exchanged

replies(4): >>46238851 #>>46238916 #>>46239310 #>>46239580 #
richard___ ◴[] No.46239580{3}[source]
Disney is actually paying $1B so it makes no sense. OpenAI gets the IP plus $1B.
replies(2): >>46239731 #>>46243020 #
javawizard ◴[] No.46239731{4}[source]
I'm actually curious, how do we know for a fact that this is the case?
replies(1): >>46240691 #
DANmode ◴[] No.46240691{5}[source]
Could you elaborate?

Do you mean to say they’ll never take the payment?

replies(2): >>46240795 #>>46240818 #
1. ◴[] No.46240795{6}[source]