Optionality
constrained/locked — division head inside Microsoft (microsoft-mai is parent-directed, cannot independently raise capital), the same structural position as deepmind inside Alphabet. Personally, no fortune-scale figure exists to even assess lock-up against; his optionality is best read as purely operational (what he can direct inside Microsoft), not capital-based.
Sourced figures 2
- kestrel board.yaml microsoft-mai node microsoft-mai: parent Microsoft, liege Microsoft — a Microsoft business unit, not an independent kingdom
- kestrel board.yaml microsoft optionality axis mixed — legally free discretionary treasury, but a rising majority self-earmarked to the AI buildout (parent Microsoft's own optionality, which bounds MAI's)
the working
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