He warned: “Microsoft missed the internet wave, the mobile wave and now it missed the AI wave.”
Show me the money
The most immediate likely impact on Microsoft after the three massive IPOs take place will be on the company’s stock price, which could well take another hit. Investors don’t want to miss out on the AI boom, and until now, there’s been a relatively small number of companies in which they could. When Anthropic and OpenAI join SpaceX as publicly traded companies, investors will have three more choices than they did only a few months ago. That could make it tougher for Microsoft to attract AI-focused investors. And that, in turn, could knock down its stock price.
A lower stock price means the company will have a harder time raising money when it needs it. In addition, Microsoft won’t be able to as easily buy other companies in stock-only deals, because the value of its stock will be less.
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