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I suspect that Microsoft will make noise about pushing for a board seat, but ultimately use that as negotiating leverage to push for even more extensive IP rights to OpenAI’s code and weights (from what I understand Microsoft did have full access, but the access was limited to a small number of people); the legal oddities and regulatory risk of being fully enmeshed with OpenAI remain, so I think that Microsoft will double down on having a viable alternative path in place should OpenAI blow up again.
Sam Altman Back at OpenAI, Q*, Going Forward
stratechery.com
Meanwhile, we regularly report our per-share book value, an easily
calculable number, though one of limited use. The limitations do not
arise from our holdings of marketable securities, which are carried on
our books at their current prices. Rather the inadequacies of book value
have to do with the companies we control, whose values as stated on our
books may be far different from their intrinsic values.
Owner’s Manual
berkshirehathaway.com
Take one simple thing —almost anything— but take it extremely seriously as if it is the only thing in the world —or maybe the entire world is in it— and by taking it seriously you’ll light up the sky.
Excellent Advice for Living
Kevin Kelly
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