I’m sure he’s failing to find further funding in the current interest rate market and their business model frankly has no profitability end in sight. Running all those computing resources for free is a road to ruin.
It’s a non-profit board; the members do not hold equity and the for-profit subsidiary has a profit allocation cap. It is not the same as a for-profit board.
That was my guess. I can imagine a situation where he was deliberately understating or obfuscating how vulnerable they were in that regard, or else simply overconfident they were legally in the clear.
I’m sure he’s failing to find further funding in the current interest rate market and their business model frankly has no profitability end in sight. Running all those computing resources for free is a road to ruin.
It actually seems to be the opposite - Altman focussing on commercialization, whereas the board wants to continue the non-commercial focus.
I really hope this is the case.
Hahahahahahahaha… A board more interested in non-profit work vs making more money? Sorry, I think this is way over optimistic.
It’s a non-profit board; the members do not hold equity and the for-profit subsidiary has a profit allocation cap. It is not the same as a for-profit board.
Maybe there is hope and closedAI can become open ai again?
Not to mention be sued by everyone whose copyrighted work was used.
That was my guess. I can imagine a situation where he was deliberately understating or obfuscating how vulnerable they were in that regard, or else simply overconfident they were legally in the clear.