- cross-posted to:
- thevergenews@sh.itjust.works
- cross-posted to:
- thevergenews@sh.itjust.works
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Wasn’t a major tranche of Softbank’s funding contingent on their being able to do this? They might be broke a lot sooner than people thought without it…
Well yeah. DeepSeek destroyed any illusion that they could establish and maintain a monopoly on AI.
Grok Deepsearch is far way better. Also another relevant competitor
It’s controlled by Musk. I wouldn’t trust it.
So you trust more the two other psychos …
No.
“we can make enough money without it”
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Upvoted for classic 24 hour party people reference
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“Previously, investors in OpenAI’s commercial entity were capped at making 100 times their money before the rest of its profits flowed back to the nonprofit.
With the new PBC subsidiary, OpenAI spokesperson Steve Sharpe tells me that investors and employees will own regular stock with no cap on how much it can appreciate. “
They got exactly what they want anyway. This is no victory.
This doesn’t sound like a nonprofit.
The billions of dollars the company raised in its last two funding rounds were contingent on successfully removing this limit on investor returns.
This doesn’t make sense to me. The ultimate value of shares is in the dividends they represent, no? If there are no dividends ever, what are they sharing in? Is it just a postponement until future dividends? A share in control of activities?
I get that there’ll be speculation that will keep values increasing, and selling can net a profit, but what does the last share-holder get?
Technology and intellectual property, including patents. These are only put up for sale if the company is liquidated or declared bankrupt.
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what does the last shareholder get?
https://en.wikipedia.org/wiki/Greater_fool_theory
Once the bubble pops they’ll rugpull the same way they do crypto. Either that or it will grow so large that they convince someone to aquire them wholesale
This is just every economic endeavour in existence nowadays, the issue with cryptocurrency is that it contains no guard rails (+ environmental issues)
Unless you work for a corporation, ask your employer what their exit strategy is.
So they’re slowly admitting genAI is unprofitable…
Their current structure is still profit-oriented. You should read the article maybe.
The structure of OpenAI is quite strange and curious.
Metroid layout.
GPT is the boss located left, the final boss is called Profit, and it’s at the bottom…
Probably an emergent structure out of a chain of thought
They asked chatGPT for a business plan and it gave them hallucinations and half a business plan for a non-profit coalmining organization.
That or they have worked out that even if AGI is achievable with the current architecture the existence of R1 and other Chinese models essentially means they will never make a profit at it.
If they achieve their goal, within 48 hours the open source community will have replicated it.
Great news.
establish a nonprofit
get funding from corporate donors
produce a product
generate a profit
?
profit
