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Commitments here means money that people have agreed to lend them in future.
by Tycho 10mo ago
Commitments here means money that people have agreed to lend them in future.
- staticman2 10mo agoDoes it mean have agreed to lend them in a binding agreement that OpenAI can sue to enforce?
- Tycho 10mo agoYes. The capital is not needed immediately, but they have agreed to provide it if/when called upon in future.
- greedo 10mo agoThis is highly unlikely. Imagine OpenAI struggling, and in year 4 of this "commitment" call upon the lenders to provide over $100B in capital. The lenders will definitely have recourse if the risk is too high. Otherwise this would simply be a commercial line of credit, or they would be investing the funds directly in OpenAI now.
- Tycho 10mo agoThe contract would obviously not be no strings attached.