OpenAI may end up with a Microsoft-style JV, not a clean valuation
MxMnr · x · 2026-07-23
A bearish read on OpenAI pricing points to a Microsoft-shaped structure
This post argues that the market’s OpenAI story is becoming too stretched to support a clean valuation, while the company remains too important to simply write down. The suggested outcome is not a single obvious price, but a more structured arrangement with Microsoft: a joint-venture-like setup, preferential terms, and a repricing that no one has to explicitly book.
The core thesis is that as the check gets larger, only a few parties can fund it, and those parties will set the terms. The post frames the next step as a structural financial compromise rather than a straightforward market price.
More from Companies & People
- Enterprise AI adoption is still mostly stuck in pilots, poster says — ZeroStateReflex · 2026-07-23
- a16z Speedrun adds a new investing partner focused on AI dev tools and infra — tkexpress11 · 2026-07-23
- Machine Earning AI Summit lands in San Francisco on Sept. 29 with early speaker lineup — astrange · 2026-07-23
- Tesla Robotaxi rollout draws an Idiocracy-style Elon Musk joke — MickeySteamboat · 2026-07-23
- CoRL early-career keynote nominations are due on July 30 — Majumdar_Ani · 2026-07-23
- Aeropuertos Argentina launches a Snow Agent with SAP for airport operations — jonerp · 2026-07-23