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This #AI #Startup "Copied" an #OpenSource Project and Got Half a Million #Dollar #Funding by Y Combinator
source: https://news.itsfoss.com/pearai-controversy/
It could be harsh to say that it was just CTRL+C → CTRL+V. However, even, when you are forking a project, and copying something, doing it better really matters. And, I don't think they have fared well here.
#news #technology #software #fork #foss #floss #money #finance #startup #economy #fail #problem #omg #wtf
This AI Startup "Copied" an Open-Source Project and Got Half a Million Dollar Funding by Y Combinator
AI startups, and open-source forks with VC funding. A bad match.Ankush Das (It's FOSS News)
Aaaand the other shoe drops.
Turning a nonprofit into a for-profit is very bad IMO—as if there weren’t enough loopholes for rich people to turn everything into a casino. All the altruistic promises that OpenAI claimed at its founding seem to have melted in the bright light of dollar signs.
Don’t be fooled by the “benefit corporation” status either. With the diminished status of its nonprofit board, the new OpenAI will be run like a startup to generate an exit strategy for its investors.
“Exclusive: OpenAI to remove non-profit control and give Sam Altman equity”
#ai #moneyGrab #casino #startup #tech #bubble
Non-paywall: https://archive.ph/jEwT0
