“Third, the board remains majority independent. Independent directors do not hold equity in OpenAI. Even OpenAI’s CEO, Sam Altman, does not hold equity directly. His only interest is indirectly through a Y Combinator investment fund that made a small investment in OpenAI before
INVESTMENT
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OpenAI’s Nonprofit Mission Supersedes For-Profit Subsidiary Interests
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“While the for-profit subsidiary is permitted to make and distribute profit, it is subject to this mission. The Nonprofit’s principal beneficiary is humanity, not OpenAI investors.”
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Understanding OpenAI’s Non-Profit Capped Profit Structure
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If you are skeptical of @OpenAI
’s non-profit / capped profit structure, please consider reading this page which goes into the detail. I see so many people confused about how the structure works, share it with a skeptic! https://
openai.com/our-structure -
AI Wearables Dead on Arrival: Investment and Market Analysis
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As a consumer (who loves tech), I have zero interest in this AI wearables category. As an investor, I would not invest in it. As someone who watches the AI tech space very closely, I’m curious, and admire their entrepreneurial spirit. But I think this product is dead on arrival.
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GPU Computing Drives Virtuous Cycle of AI Intelligence Growth
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"We have never seen a technology which automatically becomes smarter every time you throw more computing at it. And as long as GPU is being translated into more intelligence, and as long as the more intelligence is being translated to profitable applications, the virtuous cycle
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EU Digital Funding 2021-2027 Framework Shapes Europe’s Future
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Funding for Digital in the 2021-2027 Multiannual Financial Framework | Shaping Europe’s digital future https://
europa.eu/!C38mQf
#Digitaleu #europe #digital #funding #innovation @ArturHabant @elaniaz @JolaBurnett @kalydeoo @3itcom @jblefevre60 @Ym78200 @pierrepinna @LaurentAlaus -
Web Summit 2023: Digital Innovation Funding Opportunities Europe
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Web Summit 2023 https://
europa.eu/!whQxXN
#digitalEU #websummit #HaDEA #funding #nnovation #europe @PawlowskiMario @CurieuxExplorer @Shi4Tech @smaksked @mvollmer1 @pierrecappelli @ipfconline1 @BetaMoroney @JolaBurnett @AnthonyRochand @Fabriziobustama @enilev @sbretonniere @3itcom -
Microsoft and OpenAI: Navigating a Complex Business Relationship
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Microsoft seems to have a rather difficult relationship with OpenAI.
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Google Gemini release timeline threatens competitive AI position
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And there’s no way Google waits until Q3 2024 to release Gemini. Right? They will be the laughing stock of tech, and have lost all their top AI talent, if they wait another year to catch up.
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Microsoft’s Financial Deal with OpenAI Under Scrutiny
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did he forget to mention Microsoft gets OpenAI's billions?