It’s a non-profit board; the members do not hold equity and the for-profit subsidiary has a profit allocation cap. It is not the same as a for-profit board.
Oh wow, I assumed the main source of problems for this business was because creating models based on sampling the works of others was ethically dubious leading to lawsuits and bans in several countries. But no. It’s their CEO’s business model not aligning with the board.
It actually seems to be the opposite - Altman focussing on commercialization, whereas the board wants to continue the non-commercial focus.
I really hope this is the case.
Hahahahahahahaha… A board more interested in non-profit work vs making more money? Sorry, I think this is way over optimistic.
It’s a non-profit board; the members do not hold equity and the for-profit subsidiary has a profit allocation cap. It is not the same as a for-profit board.
Maybe there is hope and closedAI can become open ai again?
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Oh wow, I assumed the main source of problems for this business was because creating models based on sampling the works of others was ethically dubious leading to lawsuits and bans in several countries. But no. It’s their CEO’s business model not aligning with the board.