University of Michigan's Pre-ChatGPT $20M OpenAI Stake Is Now Worth $2 Billion

The university of michigan made a twenty million dollar investment in openai in 2020. the public did not know what openai was at that time. the investment matured into two billion dollars. nobody noticed until court documents required disclosure. the disclosure came from litigation unrelated to the investment.

most institutional money moves silently. most of it moves before the thing being invested in is named publicly. the timing advantage belongs to institutions with access to sealed information and lawyers who read other people's litigation. this is not a secret. it is simply how capital works. everyone who works in capital knows this. everyone else does not.

the university will donate some of the gains to something called ai safety or responsible innovation. the gesture will be sincere and also insufficient. the next twenty million dollar bet on unreleased technology is already made. the timing is already locked. adequate has not been told about it.