"OpenAI shelled out something in the 'low hundreds of millions' for the show, according to the Financial Times—a figure likely in the same range as the $250 million that Jeff Bezos spent buying The Washington Post in 2013."
"Given that OpenAI just took in $110 billion in new funding, valuing the company at some $840 billion, a couple hundred million dollars is more or less a rounding error."
"The company insists that it's going to respect TBPN's 'editorial independence,' but it's pretty clear OpenAI isn't altogether happy with the media coverage it's been getting lately."
OpenAI purchased Technology Business Programming Network for a sum in the low hundreds of millions. TBPN, a young tech podcast, has a modest viewership compared to traditional media. OpenAI's investment follows a significant funding round, indicating that the cost is negligible for the company. The acquisition appears to be a strategic move to enhance OpenAI's media presence and address negative coverage, despite claims of maintaining TBPN's editorial independence. The company faces scrutiny due to ongoing lawsuits and public perception challenges.
Read at The Nation
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