… The new terms state that “Microsoft continues to participate directly in OpenAI’s growth as a major shareholder” but doesn’t dictate Microsoft’s ownership stake, though there’s also no indication it’s changed. …
… And within months, Nexstar, which already owned over 200 stations nationwide and had hit its ownership cap, announced that it had entered an agreement to purchase its rival, Tegna, for an estimated $6.2 billion — something that could only happen, however, if Carr agreed to change the FCC’s rules. …
… That very capital-intensive world now no longer was capital-intensive. …
… We saw no alternative, given the amount of capital we needed and needing still to preserve away to ‘give the AGI to humanity’, other than the capped profit structure. …