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Dare Obasanjo (carnage4life@mas.to)'s status on Sunday, 19-Nov-2023 23:39:03 UTC Dare Obasanjo

OpenAI is a zero interest rate phenomenon. A bunch of AI researchers leave companies like Google and ask billionaires to donate $1 billion to them to invent artificial general intelligence (think Skynet or HAL 9000) which they will create for the benefit of humanity and give away the research/code.
They only get $130M. So they decide to start selling software to make up the difference. Eventually some employees get mad they're spending more time on enterprise software than AGI and fire the CEO.
In conversation Sunday, 19-Nov-2023 23:39:03 UTC from mas.to permalink
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1. We always suspected that our project would be capital intensive, which is why we launched with the goal of $1 billion in donation commitments. Yet over the years, OpenAI’s Nonprofit received approximately $130.5 million in total donations, which funded the Nonprofit’s operations and its initial exploratory work in deep learning, safety, and alignment. It became increasingly clear that donations alone would not scale with the cost of computational power and talent required to push core research forward, jeopardizing our mission. So we devised a structure to preserve our Nonprofit’s core mission, governance, and oversight while enabling us to raise the capital for our mission: The OpenAI Nonprofit would remain intact, with its board continuing as the overall governing body for all OpenAI activities.
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