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jbz
@jbz@indieweb.social  ·  activity timestamp 2 months ago

🫧 OpenAI Is Quietly Trying to Get More Money as It Burns Through Cash at a Staggering Pace

「 There's just one wrinkle: the funds roll out in two tranches, with $10 billion dispersed immediately, and $30 billion only available if OpenAI restructures to a for-profit company. If it doesn't, the Wall Street Journal reported back in March, SoftBank has the option to withhold $20 billion, cutting the historic funding round off at the knees 」

https://futurism.com/openai-money-softbank-investors

#openai #ai #aihype #softbank

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PhDog
@dogfox@kpop.social replied  ·  activity timestamp 2 months ago

And restructuring as a for-profit company that doesn't make a profit is... a bold strategy.

@jbz

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