• Voroxpete@sh.itjust.works
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    3 months ago

    Least shocking news ever. This has clearly been in the works for a while. Not that it’ll matter at this point, given that the notion of OpenAI making any profit is kind of a pipe dream right now.

    This is mostly just a play to get investors to sink more money into covering their absolutely insane cash burn for another year.

    • Womble@lemmy.world
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      3 months ago

      They might not make a profit, but Altman will be able to extract a lot of wealth by using 7% of a billions of dollars valuation. Even if he doesn’t sell any he can use it as collateral against loans to effectively turn them into cash.

      • Voroxpete@sh.itjust.works
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        3 months ago

        Oh, absolutely. Altman is going to plunder this sinking ship for everything it’s worth, and then bail into a CTO position somewhere else. All the C suite at OpenAI will win big no matter what, everyone else there will get fucked.