It does look like an exit. Employees were given the chance to cash in some of their shares at $86 billion valuation. Altman is getting shares.
New "investors" are Microsoft and Nvidia. Nvidia will get the money back as revenue and fuel the hype for other customers. Microsoft will probably pay in Azure credits.
If OpenAI does not make profit within two years, the "investment" will turn into a loan, which probably means bankruptcy. But at that stage all parties have already got what they wanted.
New "investors" are Microsoft and Nvidia. Nvidia will get the money back as revenue and fuel the hype for other customers. Microsoft will probably pay in Azure credits.
If OpenAI does not make profit within two years, the "investment" will turn into a loan, which probably means bankruptcy. But at that stage all parties have already got what they wanted.