Reuters: „Exclusive: OpenAl to remove nonprofit control and give Sam Altman equity“
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Jan Wildeboer 😷:krulorange:wrote last edited by [email protected]
Reuters: „Exclusive: OpenAl to remove nonprofit control and give Sam Altman equity“
„• OpenAl plots to restructure into for-profit benefit corporation.
• Non-profit board no longer controls for-profit when done.
• CEO Sam Altman to receive equity in OpenAl for the first time.“(Possibly paywalled) https://www.reuters.com/technology/artificial-intelligence/openai-remove-non-profit-control-give-sam-altman-equity-sources-say-2024-09-25/
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Jan Wildeboer 😷:krulorange:replied to Jan Wildeboer 😷:krulorange: last edited by [email protected]
„OpenAI is seeking cash because its costs far outpace its revenue, the three people said. It annually collects more than $3 billion in sales while spending about $7 billion.“
„Of the 13 people who helped found OpenAI in 2015 with a mission to create artificial general intelligence, or A.G.I. — a machine that can do anything the human brain can do — only three remain.“
(possibly paywalled) https://www.nytimes.com/2024/09/25/technology/mira-murati-openai.html
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Jan Wildeboer 😷:krulorange:replied to Jan Wildeboer 😷:krulorange: last edited by
We live in weird times. Normally, a company that looses that much money would be considered to be a failure and forced to file for bankruptcy.
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Ingoreplied to Jan Wildeboer 😷:krulorange: last edited by
@jwildeboer Uber would like to have a word
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Jan Wildeboer 😷:krulorange:replied to Ingo last edited by
@lasombra_br Yep. Let's book a meeting room at WeWork for that