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> This is two of the largest, most powerful, most well-capitalized companies on the planet in a legal fight. OpenAI being well-capitalized made me laugh out lo
by quickthrowman 2mo ago
> This is two of the largest, most powerful, most well-capitalized companies on the planet in a legal fight.
OpenAI being well-capitalized made me laugh out loud, thanks for the humor :)
Apple has a ridiculous amount of cash, AA credit, and makes $100B of net income per year. OpenAI has none of those attributes, what they do have is investors willing to bankroll them, for now.
- senordevnyc 2mo agoOpenAI just closed the largest funding round in SV history, $122 billion. The idea that you’d find it laugh out loud funny to call them well-capitalized just reveals your bias. OpenAI has plenty of cash to fight this. Apple having hundreds of billions doesn’t actually mean anything in a legal fight that might cost OpenAI nine figures in legal fees, maybe? If it goes for years? A historic judgment against OpenAI (zero chance of that here) might actually drive them out of business, but they’re far beyond the threshold of being well-capitalized enough to fight Apple on this for years. This is a nothingburger.
- JumpCrisscross 2mo ago> OpenAI just closed the largest funding round in SV history, $122 billion Chips don’t pay legal bills.
- deleted 2mo ago[deleted]
- senordevnyc 2mo ago[flagged]