TechTakes

i think that mbs got wiser than that at this point and doesn't put oil money in softbank anymore. saudi money is in vision fund 1 (2017; 45% of it; another 15% is emirati money); i don't think that vision fund 2 has any after they got burned on wework, wirecard, ftx, and so on and so on. per last ed zitron post, most of softbank funding round for openai is not from them but instead from some other investors, whoever they might be, so there clearly is someone further down the line. (initial 10b, of which 7.5b from softbank and 2.5 from others; then if it converts to for-profit another 30b, but if it doesn't, it's 10b (?), of which 8.3b is from other investors, and 1.7b from softbank (either the numbers are wrong or ed accidentally a 1b dollars), but i don't believe that openai will convert, so it's 9.2b from softbank and 10.8 from others, +20b from softbank otherwise)