OpenAI says the PBC will oversee commercial operations, and the nonprofit will hire staff to pursue charitable activities in health care, education, and science
Reality: It's going to take all of Earth's resources, but can build this search engine that kinda works and is trained on stuff we didn't have rights for. Paul J. Dauenhauer / @pauldauenhauer : When bubbles burst, a small opening in the surfactant film results in millisecond retraction of the entire film driven by extremely high local surface tension — www.cnbc.com/2024/12/27/o... Kevin Hargaden / @kevinhargaden : Policing $200bn — Agriculture $150bn — Education $800bn — Computer Imaginary friends $3,600bn — Climate adaptation $150bn — someone who is good at the economy please help me budget this. my society is dying — www.cnbc.com/2024/12/27/o... Ed Zitron / @edzitron.com : Yeah I need way more money than anyone ever got before. I need it because my shit is difficult right now. But it's important in ways even I haven't been able to work out. OpenAI is a serious business. Help me. Please help me please my serious company is so good. Help me — www.cnbc.com/2024/12/27/o... … Theo / @theopriestley.com : $6Bn in October wasn't enough to keep Altman & Co in the grifter lifestyle they're accustomed to with homes, secret bunkers and the odd Koenigsegg on the driveway so they need more. — Is the penny dropping yet? — www.cnbc.com/2024/12/27/o... Downtown Josh Brown / @downtownjoshbrown : Sam Altman is now saying, basically, that there is no end in sight to the amount of money he'll need to raise to keep OpenAI competitive. Meanwhile, he still owns no shares in and it's unclear where the charity ends and the for-profit begins. $157 billion valuation. — www.cnbc.com/2024/12/27/o... Max Kennerly / @maxkennerly : “OpenAI expects about $5 billion in losses on $3.7 billion in revenue this year, CNBC confirmed in September. Those numbers are increasing rapidly.” — What sets OpenAI apart from other Silicon Valley startups is: it has no way to profit from scale. It'll always lose money on a per customer basis. … David Wunderlich / @davidwunderlich : “We once again need to raise more capital than we'd imagined.” — Not likely more than they imagined, given that @edzitron.com was able to predict the imminent need for another large capital raise with publicly available information. [embedded post] Mastodon: Ethan Marcotte / @beep@follow.ethanmarcotte.com : my “our slot machine for stolen text and images is going to be massively profitable soon, honest” t-shirt has people asking a lot of questions already answered by my shirt https://www.cnbc.com/... X: Miles Brundage / @miles_brundage : Third, while there is a ton of potential for a well-capitalized non-profit to drive “charitable initiatives in sectors such as health care, education, and science,” that is a very narrow scope relative to the original OpenAI mission. What about advancing safety and good policy? LinkedIn: Hayden Field : On Friday, OpenAI laid out its early plans for changing its corporate structure to allow for more capital raising and growth. … Forums: r/OpenAI : OpenAI says it needs 'more capital than we'd imagined' as it lays out for-profit plan - I mean, he did say $7 Trillion...