There is lots of frustration in the community about OpenAI not being all that open anymore. They appear to abandon their ethos of developing AI for ev

⭕ What People Are Missing About Microsoft’s $10B Investment In OpenAI : GPT3

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2023-01-27 17:30:06

There is lots of frustration in the community about OpenAI not being all that open anymore. They appear to abandon their ethos of developing AI for everyone, free of economic pressures.

The fear is that OpenAI’s models are going to become fancy MS Office plugins. Gone would be the days of open research and innovation.

To understand what is going on, we need to peek behind the curtain of the tough business of machine learning. We will find that Sam Altman might have just orchestrated the coup of the decade!

Back in 2005, Sam Altman founded Loopt and was part of the first-ever YC batch. He raised a total of $30M in funding, but the company failed to gain traction. Seven years into the business Loopt was basically dead in the water and had to be shut down.

Instead of caving, he managed to sell his startup for $43M to the finTech company Green Dot. Investors got their money back and he personally made $5M from the sale.

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