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University of Michigan’s $20M OpenAI bet aims for $2B return, legal report shows
Court filings say the university’s early OpenAI bet became equity after the nonprofit’s conversion, with a potential return exceeding 100 times the original investment.
Summary by Michigan Live
3 Articles
3 Articles
University of Michigan's $20M early OpenAI investment now worth $2B as Musk trial documents reveal endowment bet
Court documents from the Musk v. Altman trial show the University of Michigan invested $20M in OpenAI before ChatGPT. The stake now has a target redemption of $2B.
·Amsterdam, Netherlands (Kingdom of the)
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University of Michigan’s $20M OpenAI bet aims for $2B return, legal report shows
The University of Michigan could profit big from a years-old $20 million investment into ChatGPT creator OpenAI, according to an exhibit in Elon Musk’s federal lawsuit against Sam Altman.
·Michigan, United States
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Total News Sources3
Leaning Left1Leaning Right0Center2Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 33%
C 67%
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