Profit and loss tracks changes to the fair price of purchasing the business, not operational cash flow. The $30b didn't go anywhere since it's not cash flow, it

Profit and loss tracks changes to the fair price of purchasing the business, not operational cash flow. The $30b didn't go anywhere since it's not cash flow, it's acknowledging that someone who purchases OpenAI today would be on the hook for $30b more of future ownership dilution than before 2025.