777 sats \ 1 reply \ @freetx 29 Jan \ parent \ on: Reddit Advised to Target at Least $5 Billion Valuation in IPO tech
My relative works for a big DC lawfirm. He said the publishers have been salivating for last year over the recent NYT lawsuit against OpenAI.
Supposedly, the rumor he heard, is that OpenAI did exactly what you would expect them to have done....that is as a small startup they went to places like zlibrary and downloaded all the epubs they could get as part of their corpus.
Microsoft involvement makes it worse, as now the 'owner' has deep enough pockets to pay.
I think this ends in 1 of 3 ways: (a) Publishers reach deal with Microsoft and take part ownership of Open AI, (b) Publishers get a spotify-style 'streaming' deal from Microsoft (.00001 per use), (c) Publishers get a huge one-time payout.
Of course there are other possibilities as well but I think these would be most likely.
i hadn’t thought about the possibility of that first option before… would be kind of sad if that’s how this all played out.
options b and c seem more reasonable, but only option b really has the potential to fairly reward creators at every scale… though as @k00b mentioned in the AI poll thread, these things aren’t always fair.
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