Well the joke is that openai burned that money, but its more complicated than that.
Microsoft bought into openai, as in money for shares.
Openai users burned tokens that were bought from Microsoft for money.
After that deal Microsoft owns shares in openai and has a big customer that made them revenue for the compute that was used.
Don’t forget that there are potential downsides. Openai burns money like the paper it was printed on, so that investment in shares carries a lot of risk for Microsoft and its shareholders.
if both sides can’t “win” the “AI” race without each other, this strategic partnership is a net benefit for both as long as only one of both sides accepts potentially fatal levels of risk. The both have potential upside which is passed on the shareholders, which we can agree that those are mostly rich people. But so are the investors on all ends, so its never really been our money being passed around, but that of rich people.
And if we look at the share of paying customers of ai services on Lemmy, we can conclude that its even less “our” money. ;)
Well the joke is that openai burned that money, but its more complicated than that.
Don’t forget that there are potential downsides. Openai burns money like the paper it was printed on, so that investment in shares carries a lot of risk for Microsoft and its shareholders.
if both sides can’t “win” the “AI” race without each other, this strategic partnership is a net benefit for both as long as only one of both sides accepts potentially fatal levels of risk. The both have potential upside which is passed on the shareholders, which we can agree that those are mostly rich people. But so are the investors on all ends, so its never really been our money being passed around, but that of rich people.
And if we look at the share of paying customers of ai services on Lemmy, we can conclude that its even less “our” money. ;)
The money being passed around by the rich is 100% our money. We made them those profits.