• roguetrick@kbin.social
    link
    fedilink
    arrow-up
    29
    ·
    1 year ago

    financial chicanery

    I’m sure he’s failing to find further funding in the current interest rate market and their business model frankly has no profitability end in sight. Running all those computing resources for free is a road to ruin.

    • FooBarrington@lemmy.world
      link
      fedilink
      English
      arrow-up
      32
      ·
      1 year ago

      It actually seems to be the opposite - Altman focussing on commercialization, whereas the board wants to continue the non-commercial focus.

      I really hope this is the case.

      • doctorcrimson@lemmy.today
        link
        fedilink
        English
        arrow-up
        5
        ·
        edit-2
        1 year ago

        Oh wow, I assumed the main source of problems for this business was because creating models based on sampling the works of others was ethically dubious leading to lawsuits and bans in several countries. But no. It’s their CEO’s business model not aligning with the board.

      • Kata1yst@kbin.social
        link
        fedilink
        arrow-up
        2
        ·
        1 year ago

        Hahahahahahahaha… A board more interested in non-profit work vs making more money? Sorry, I think this is way over optimistic.

      • deweydecibel@lemmy.world
        link
        fedilink
        English
        arrow-up
        11
        ·
        edit-2
        1 year ago

        That was my guess. I can imagine a situation where he was deliberately understating or obfuscating how vulnerable they were in that regard, or else simply overconfident they were legally in the clear.