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🏠 OpenAI Opera
The Great Restructuring
GM! It’s Brett again. If you're thinking about starting a company in 2025, you need to watch this video of Elon.
He makes 2 crucial points: first, starting a company is brutally hard - it's like eating glass and staring into the abyss. Second, your product has to be significantly better than what's out there if you want any shot at success.
Being a founder isn't a side project or just another job - it's a career path that demands everything you've got. But if you're all in, you can get there.
—
Here's to building something amazing in 2025. Happy New Year!
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🏠 AI
The Drama
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OpenAI is ditching its weird nonprofit/for-profit hybrid setup. They're converting to a Delaware Public Benefit Corporation - basically the same structure Anthropic and xAI use. The original nonprofit gets shares in the new entity, but loses control.
This move isn't random. OpenAI just raised $6.6B at a $157B valuation, but Reuters reports this funding was contingent on them changing their structure and dropping the profit cap within 2 years
OpenAI's Board of Directors is evaluating our corporate structure with the goal of making a stronger non-profit supported by the for-profit’s success.
Our plan would create one of the best-resourced non-profits in history. openai.com/index/why-our-…
— OpenAI (@OpenAI)
1:00 PM • Dec 27, 2024
The plan faces strong opposition. Meta has asked California's AG to block the conversion, saying it would have "seismic implications for Silicon Valley." This adds to an existing lawsuit from Elon filed in August, claiming OpenAI abandoned its original mission.
There's internal drama as well. Former employees like Miles Brundage are raising red flags about prioritizing commercial interests over safety.
Glad to see OpenAI sharing their latest thinking re: corporate structure, and a lot of the explanation makes sense. However, there are some red flags here that need to be urgently addressed + better explained publicly before the transition goes through.🧵
— Miles Brundage (@Miles_Brundage)
4:10 PM • Dec 27, 2024
Here's the thing - this is bigger than just OpenAI's corporate structure. It's showing us how expensive and competitive AI development really is. According to their blog post, they need to "become more than a lab and a startup" to pursue their mission, highlighting how AI development at this scale requires massive capital investment with conventional equity terms.
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🤝 THE LATEST IN…
TECH
Waymo’s self-driving cars are crashing less than humans.
Telegram is finally profitable for the first time.
Meta’s AI characters are sliding into Instagram and Facebook.
AI
Google is using Claude to improve its Gemini AI
Sriram Krishnan named Trump’s senior policy advisor for AI.
Emmett Shear, the former CEO of Twitch, is launching a new AI startup.
The Godfather of AI said that AI will wipe out humanity in next 30 years.
SCIENCE
NASA probe makes closest ever pass by the sun.
Short bursts of physical activity cut women’s risk of heart attack.
AI turned viruses into a blueprint for gene therapies.
CRYPTO
Jupiter will distribute 700M tokens in January 2025.
China’s central bank discusses crypto regulation.
December DEX trading volume hits $320B.
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🏃♀️ QUICKIES
Raise: xAI, Elon Musk’s AI company, raised $6B in a Series C funding round to accelerate its AI research and development.
Stat: $119 billion. That's the weekly trading volume on Coinbase International, marking a 124% surge from the previous week.
Rabbit Hole: The Top Idea in Your Mind (Paul Graham)
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🤩 MONDAY MOTIVATION
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🛠️ FOUNDERS CORNER
The best resources we recently came across that will help you become a better founder, builder, or investor.
🕵️ SEOBot is the world's 1st AI agent for SEO
🤖 Nullity AI helps you build your internal search engine in 30 seconds
📨 Aimfox helps you launch AI-personalized outbound campaigns on LinkedIn
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🎯 PRO HACKS
The smartest productivity hacks we've found: tiny tweaks that create massive results.
End of Quarter Checklist:
Investor Update: Email an update to your extended network of investors, including those who haven’t invested yet.
Trim Expenses: Review all expenses, no matter how much runway you have. Cut the unnecessary. Stay lean.
Team Reflection: Discuss with your team on what went well, what didn’t, and what you’re going to do next.
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❓️ AI GENERATED OR NOT
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Is this AI generated? |
Last week’s answer: If you guessed AI-generated… you were right.
🟩🟩🟩🟩🟩🟩 Yeah (~99%)
⬜️⬜️⬜️⬜️⬜️⬜️ Nope (~1%)
Here’s the original.
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👋 A Quick Note About Micro
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