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by yieldcrv
883 days ago
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OpenAI raised $130 million when it was only a non profit and had difficulty doing more, despite the stacked deck and start studded staff and same goal that would value participation units at $100bn that’s the real lesson here. we can want to redo OpenAI all we want but the people will not use their discretion in funding it until they can make a return |
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it turned out that AI research required $ billions to run the LLMs, something that was not originally anticipated; and the only way to get that kind of money is to sell your future (and your soul) to investors who want to see a substantial return