$110B funding at $730B valuation with Amazon partnership shifts balance from exclusive Microsoft relationship.
Andrew Ross Sorkin
Sam Altman
AI transforming whole economy; world needs massive computing power; will maintain great relationship with Microsoft while excited about new products with Amazon.
Amazon's $50B investment in tranches with conditions; concerns about circular financing where vendor invests and customer buys services.
Andrew Ross Sorkin
Sam Altman
Financing only works if new revenue flows into AI ecosystem; revenue growing extremely quickly for OpenAI and industry; financial engineering needed due to huge upfront infrastructure costs.
OpenAI open to IPO at right time to give all investors access.
Andrew Ross Sorkin
Sam Altman
Advantages to being public; want all investors to have access to important AI companies; figuring right timing.
AI job impact: Jack Dorsey cutting 40% staff believing AI increases productivity.
Andrew Ross Sorkin
Sam Altman
AGI progress faster than expected; current models surprising people; expect continued steep progress this year and beyond.
AGI terms in Microsoft deal; any in new fundraising?
Andrew Ross Sorkin
Sam Altman
Microsoft deal has AGI terms but not doing new deals that stop when AGI reached; expect long relationship with Microsoft.