"A source with direct knowledge of the negotiations says that the sole job of this initial board is to vet and appoint a new formal board of up to 9 people that will reset the governance of OpenAl.
Microsoft will likely have a seat on that expanded board, as will Altman himself."
Given Netflix's investment in content, they will be not removing it anytime soon as it fills their library but removing the third party content once licensing fees are up, eventually it will be mostly just netflix original content on the platform and the more the better
except they already took a large secondary offering they keep if the company fizzles out
"Yesterday we discussed how Robinhood had raised $363 million in new funding at a $5.6 billion post-money valuation. All of that was primary capital, but we've since learned from multiple sources that there also was a secondary transaction whereby Robinhood's co-founders and some early employees cashed out just north of $100 million."
ironically Uber currently has a business in this exact area
"Returning to the files, I soon found the puzzle piece. It was in a document Otto had submitted in support of its application to operate the state’s first Autonomous Technology Certification Facility (ATCF). This is an independent organization that will assess all autonomous vehicles that want to operate (rather than just test) in Nevada, checking that they comply with the state’s safety requirements and traffic laws. The application was a success, and construction of the facility is now underway in a suburb of Las Vegas. (Yes, you read that right — Uber will soon be assessing other companies’ compliance with safety rules.)"
https://twitter.com/teddyschleifer/status/172721237871736880...