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Waiting for US govt to enter the chat. They can't let OpenAI squander world-leading tech and talent; and nationalizing a nonprofit would come with zero sharehol
by yafbum 3y ago
Waiting for US govt to enter the chat. They can't let OpenAI squander world-leading tech and talent; and nationalizing a nonprofit would come with zero shareholders to compensate.
- rawgabbit 3y agoThe White House does have an AI Bill of Rights and the recent executive order told the secretaries to draft regulations for AI. It is a great time to be a lobbyist.
- logicchains 3y agoIf it was nationalised all the talent would leave anyway, as the government can't pay close to the compensation they were getting.
- yafbum 3y agoYou are maybe mistaking nationalization for civil servant status. The government routinely takes over organizations without touching pay (recent example: Silicon Valley Bank)
- kickopotomus 3y agoEhh I don't think SVB is an apt comparison. When the FDIC takes control of a failing bank, the bank shutters. Only critical staff is kept on board to aid with asset liquidation/transference and repay creditors/depositors. Once that is completed, the bank is dissolved.
- yafbum 3y agoWhile it is true that the govt looks to keep such engagements short, SVB absolutely did not shutter. It was taken over in a weekend and its branches were open for business on Monday morning. It was later sold, and depositors kept all their money in the process. Maybe for another, longer lived example, see AIG.
- paulddraper 3y ago> They can't let OpenAI squander world-leading tech and talent Where is OpenAI talent going to go? There's a list and everyone on that list is a US company. Nothing to worry about.
- yafbum 3y agoThe issue is not that talent will defect, but that it will spoil into an unproductive vortex.