Earlier quoted context omitted.
Seeing so much money rolling in, hard to not want a slice of the pie.
What money? Aren't most (all?) AI companies are operating at a loss?
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OpenAI to become for-profit company
141–150 of 809 posts
Re: OpenAI to become for-profit company
#142Earlier quoted context omitted.
That was the point musk was complaining about. In practice it’s doable though. You can just create a new legal entity and move stuff and/or do future value creating activity in the new co. IF everyone is on board with the plan on both sides of the move then that’s totally doable with enough lawyers and accountants
If the non-profit is on board with that though, then they're breaking the law. The IRS should reclassify them as a for-profit for private inurement and the attorney general should have the entire board removed and replaced.
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Re: OpenAI to become for-profit company
#143Earlier quoted context omitted.
> Everyone is like that when the number is potentially in the trillions No, we're really not all like that. I stopped caring about money at 6 digits a decade ago, and I'm not even at 7 digits now because I don't care for the accumulation of stuff — if money had been my goal, I'd have gone to Silicon Valley rather than to Berlin, and even unexciting work would have put me between 7 and 8 digits by this point. I can im…
You think buying apple stock and bitcoin would put you on the radar of intelligence agencies? Wouldn't that grouping be some massive number of middle class millennials?
Perhaps I wasn't clear. When I wrote:
> perfect play would have had me own all of it
I meant literally all of it: with perfect play and the benefit of hindsight, starting with the money I had in c. 2002 from summer holiday jobs and initially using it for Apple trades until bitcoin was invented, it was possible to own all the bitcoin in existence with the right set of trades.
Heck, never mind perfect play, at current rates two single trades would have made me the single richest person on the planet: buying $1k of Apple stock at the right time, then selling it all for $20k when it was 10,000 BTC for some pizzas.
(But also, the attempt would almost certainly have broken the currency as IMO there's not really that much liquidity).
Re: OpenAI to become for-profit company
#144Feels like when Napoleon declared himself emperor, and other countless times when humans succumbed to power and greed when they were finally in the position to make that decision. I guess I’m stupid for holding on hope that Sam would be different.
>Beethoven's reaction to Napoleon Bonaparte's declaration of himself as Emperor of France in May 1804 was to violently tear Napoleon's name out of the title page of his symphony, Bonaparte, and rename it Sinfonia Eroica
>Beethoven was furious and exclaimed that Napoleon was "a common mortal" who would "become a tyrant"
Re: OpenAI to become for-profit company
#145Earlier quoted context omitted.
Even if the knock-on effect is "all the artists and thinkers who contributed to the uncompensated free training set give up and stop creating new stuff"?
If an "artist" or "thinker" stops because of this, I question their motivations and those labels in the first place.
After Instagram started feeding user photos to their AI models, I stopped adding new photos to my profile. I still take photos. I wonder about your thoughts about my motivation.
Re: OpenAI to become for-profit company
#146[flagged]
Re: OpenAI to become for-profit company
#147This is for the best really, I can't even think of a non-profit in tech where over time it hasn't just become a system for non-productives to leech from a successful bit of technology while providing nothing and at times even stunting it's potential and burning money on farcical things.
Re: OpenAI to become for-profit company
#148Sam altman is just trying to cash out before the crash comes, the new model was nothing more than a glorified recursive gpt 4
Re: OpenAI to become for-profit company
#149The most surprising thing to me in this is that the non-profit will still exist. Not sure what the point of it is anymore. Taken as a whole, OpenAI is now just a for-profit entity beholden to investors and Sam Altman as a shareholder. The non-profit is really just vestigial. I guess technically it's supposed to play some role in making sure OpenAI "benefits humanity". But as we've seen multiple times, whenever that g…
> The most surprising thing to me in this is that the non-profit will still exist. That entity will scrape the internet and train the models and claim that "it's just research" to be able to claim that all is fair-use. At this point it's not even funny anymore.
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Re: OpenAI to become for-profit company
#150Earlier quoted context omitted.
Even if the knock-on effect is "all the artists and thinkers who contributed to the uncompensated free training set give up and stop creating new stuff"?
If an "artist" or "thinker" stops because of this, I question their motivations and those labels in the first place.
They might be motivated to pay their bills. Weird people.