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I think this commentary was pithier in your head... https://hackernoon.com/how-openai-transitioned-from-a-nonprofit-to-a-$29b-for-profit-company https://hacker
by BoorishBears 3y ago
I think this commentary was pithier in your head...
https://hackernoon.com/how-openai-transitioned-from-a-nonprofit-to-a-$29b-for-profit-company https://hackernoon.com/how-openai-transitioned-from-a-nonpro...
- Dylan16807 3y agoA "capped" profit of 100x is absolutely ridiculous. That is not even the slightest attempt to stay in the same ballpark as nonprofit. Blaming any loss of Elon money for that is spin. And he still gave them a hundred million.
- BoorishBears 3y agoNot sure what you're on about, both my comment and the article are about how they went for-profit. They went for-profit because they needed to raise. They raised after Elon reneged a fraction of the way into his promise of $1B. (and not 100MM deep: he silently revised his figures after TC started digging.) It's not complicated but you seem to want to make it complicated.
- Dylan16807 3y agoThey didn't need to go that far, and they gaslit people about it. Elon is not responsible for either of those. And was their existing money pile actually not enough?