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Non profit files for IPO should be the headline.
by cdnsteve 5mo ago
Non profit files for IPO should be the headline.
- dude250711 5mo agoAn unprofitable non-profit.
- tjstarak 5mo agoUn-profit for short.
- DarkNova6 5mo ago“For-Profit ClosedAI” would work too
- pkos98 5mo agoFor-Profit Non-Profitable Closed-AI company called OpenAI
- vdfs 5mo agoTechnically they are not profitable
- xnickb 5mo agoI understand what you're saying, but strictly speaking is it fair to say they aren't profitable? Didn't they along with other participants of LLM-race invest heavily into the infrastructure and the said infra wasn't yet delivered. My understanding is that it's unreasonable to claim a hotel isn't profitable when they're still on the building stage. I do understand that we don't have enough energy to turn it on when all of them are delivered, but that's a separate issue. e: gah. Answered to the wrong post. Sorry.
- lenerdenator 5mo agoThis has less to do with their balance sheet and more to do with the intent of the organization when it was founded. They were supposed to create open-source AI models and only let revenues influence the direction of the organization so much when weighed against the public good. ... but they did it in a place and culture filled with people who would probably sell their own mothers into slavery if they were allowed to provided it increased the valuation of their startup, so here we are.
- utopiah 5mo ago> they're still on the building stage Eh... what's left to build? Actual AI?
- marcosdumay 5mo ago> My understanding is that it's unreasonable to claim a hotel isn't profitable when they're still on the building stage. It's not unreasonable at all, it's a honest description of the hotel's current situation. Would you call it profitable? If a hotel stays on the building stage for half a decade, getting a loan after another to pay for that, that unprofitability is acutely relevant.
- Glohrischi 5mo agoNo because they are not a non-profit since 2025.