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Keep in mind, that was the idea originally. Then in 2018 Elon decided he wanted to be CEO, the board rejected that idea for now obvious reasons, and he reneged
by TradingPlaces 3y ago
Keep in mind, that was the idea originally. Then in 2018 Elon decided he wanted to be CEO, the board rejected that idea for now obvious reasons, and he reneged on 90% of a promised $1b donation. The only way forward was to become a for-profit company and do a normal funding round, which is what happened with Microsoft. Elon’s rug pull is why this happened.
- deleted 3y ago[deleted]
- s3p 3y agoAnd to this day Elon slanders OpenAI for taking profit. It’s strange because their corporate structure is highly unique. They generate fixed returns on investments, so investors can’t make that much money. Also, the profit-generating division is wholly owned and controlled by the nonprofit. I don’t understand why Elon and others have so many problems with this.
- PostOnce 3y agoOpenAI was so destitute, having only $100,000,000, that they had no choice but to fuck us all and lobby congress to make it illegal for us to use this new technology? That doesn't make sense. If your choice is between $100M + doing earnest work, or $1B+ and debasing our free and competitive society, and you take the latter... what does that say about your collective character as an organization and as a set of people?
- TradingPlaces 3y ago$100m buys you nothing. $1b is table stakes now.