Some Alphaville readers may be aware of OpenAI, the extremely non-open AI company.
Keeping track of the Sam Altman-led enterprise’s web of deals has become increasingly complicated after a multi-year spree of investments, memoranda and billion-dollar handshakes.
Thankfully, the Global Valuation, Accounting and Tax team over at Morgan Stanley, led by Todd Castagno, has been doing a pretty thorough job. At the weekend, they dropped the latest edition of their “Mapping the AI Ecosystem” series, a study of capital flows across the AI industry. They write:
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