Musk also says he has no equity.

https://twitter.com/elonmusk/status/1639142924985278466?s=46...

That ownership stake is 'on loan' to them until they make 100x their money back. Then ownership reverts back to OpenAI.

> Microsoft owns 49% IIRC.

Which makes Microsoft the majority shareholder. Which means that for all intents and purposes, we can consider OpenAI as a Microsoft venture now.

No, they got 49% of profits up to some very large number. It wasn't equity.

This is like how they get a cut of each Android phone sold. Microsoft is gonna profit off of every new wave of technology that others built until the end of time, aren’t they