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by ripjaygn 760 days ago
> Microsoft is the de facto controlling shareholder in OpenAI

No, they are not even a shareholder.

> Microsoft is entitled to up to 49 percent of the for-profit arm of OpenAI's profits, according to reports. But that's not the same as 49% ownership. That investment does not result in Microsoft owning part of OpenAI

1 comments

https://www.bloomberg.com/opinion/articles/2023-11-20/who-co...

Note that that diagram is now a little out of date - Microsoft now has an actual (albeit non-voting) board seat, not just effective control.