When you organize a nonprofit, you dedicate it to the public benefit. it’s not supposed to ever have owners, everything it does it supposed to be for me and you. as far as I’m concerned, this is a multi billion dollar larceny against the general public and we really need better laws that preserve our nonprofit institutions. Just even trying to plan this out is a crime against humanity
To implement something like this, you would need a radical change in judicial and criminal systems.
Something along the lines of any white collar crime worth more than say 10 annual local median salaries, would require a rehabilitation program (if convicted) that would start with full asset seizure (absolutely everything) and a minimum of 10 years real community service (live-in junior janitor at an Alzheimer’s outpatient institution with minimum wage and limited access to internet and smartphones). The community service could easily be extended to 20, 30 or 40 years depending the on the severity of the crime.
You would also need to get rid of various “get out of jail free” laws and make it easy to organized criminals and send them to rehabilitation programs.
Least shocking news ever. This has clearly been in the works for a while. Not that it’ll matter at this point, given that the notion of OpenAI making any profit is kind of a pipe dream right now.
This is mostly just a play to get investors to sink more money into covering their absolutely insane cash burn for another year.
They might not make a profit, but Altman will be able to extract a lot of wealth by using 7% of a billions of dollars valuation. Even if he doesn’t sell any he can use it as collateral against loans to effectively turn them into cash.
Yes, with the money he’d earn off the money he borrowed. This is why taxing unrealized gains is a national conversation. “It’s not money until you sell it” but you can borrow it like it’s money and make actual other money with it likes it’s money.
Lmao, this has been a scam from the start.
ClosedAI
Aaaaand
Pop goes the AI bubble.
Last stages of capitalism for tech is usually in the form of an ipo of some sort which is what this will lead to.
There will be other cool shit obviously with integrations and tools that will hopefully trickle down to open source models but the writing is on the wall. This is a cash out and enshittify move.
The best news out of it is we will start to see less and less “our company is Ai and we shoved Ai into said thing” as the companies late to the game will continue to shoot their shot until OpenAI has completely dominated the market and investors stop caring.
AI peaked a while ago IMO, the nail in the coffin for me was Microsoft making deals for nuclear power plants to power their data centers for ML and AI. It’s great they’re using nuclear power since it’s at least a clean source of energy, but it’s also extremely telling of the limitations and power requirements for these languages models. Without some kind of power reduction breakthrough, AI will continue to stall while these companies think of new ways to sell snake oil and gimmicks.
I was just thinking to myself as I got mad at my Google Home speaker for now sucking that they probably did it on purpose because the electrical and processing requirements were too high to keep it at the levels from, say, 2019. They had to cut off half of the assistant’s brain to stop draining money.
