Exactly. Presuming a 50% tax (highest end worldwide) rate and a full write off they spent 50 mil to save 42.5 mil on taxes.
Usually it’ll be capital gains income where they would be writing off which is a much lower rate. Example 20% in which case they saved 15 mil in taxes for 50 mil investment.
first 20% goes to gift aid in the UK so some countries you wouldnt even get full tax band.
Now tax free storage of art usually in ports is interesting but not some 100% write off scheme.
Maybe a basking shark filtering masses plankton but it’s no great white.
A great white would have launched a GPT api competitor far earlier and recognised the search replacement use case.
GPT3 came out in 2020. People had used it as a search like function in 2020, we’re coming up to 3 years and only now they’ve acted to then bum rush into a competitor that’s demo tanked the stock?
If that was the case they would be losing millions each transaction.