From an un-bylined post from OpenAI’s board of directors on Friday: The hundreds of billions of dollars that major companies are now investing into AI development show what it will really take for OpenAI to continue pursuing the mission. We once again need to raise more capital than we’d imagined. Investors want to back us but, at this scale of capital, need conventional equity and less structural bespokeness. My take on OpenAI is that both of the following are true: OpenAI currently offers, by ...