alt Hacker Newsburied 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
> I say this with no snark or disdain
Given the context, I think snark and disdain are called for.
>I say this with no snark or disdain: Sam has mastered the art of the flywheel.
It's been his entire career. Guy has made billions of dollars from talking.
Did we forget about Enron? Or are we deliberately retconning it? Many such cases.
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