Getting a few sticks today is cheaper than volume. Who wants volume has the pockets to pay for volume. It’s a rare reverse wholesale premium instead of discount.
- in 2025, OpenAI’s for-profit entity recapitalized from a capped-profit entity with residuals flowing to the nonprofit to a traditional public benefit corporation with traditional equity
This is the egregious part. Before full for profit conversion it was worth $300B. Then after $850B.
A true fiduciary would set an auction and that would set the price for for profit valuation. And then all existing investors would keep the value of their positions, but would be diluted because capped profit is worth much less than unlimited profit and residuals.
But, they sold it to themselves for a bargain basement price. The nonprofit lost out on $300B or so. Maybe more.
It was not an arm’s length transaction. It was self-dealing.
It’s quite an odd ruling given that OpenAI completed its for profit “conversion” last fall.
It seems the biggest value loss to the nonprofit was in this conversion, not in the initial for profit subsidiary creation giving investors capped profit shares.
What if you don't start on your laptop or workstation? Also, does the UI shown in the video reveal a model toggle? Doesn't look like it
Edit: actually it gets worse -- you can't start any tasks any longer in your mobile, you are required to sign in from your desktop/workstation. You can't "sign in" from your CLI.
Whoever made this, paper cuts I wish onto you. It sucks.
Edit2: actually you can ssh, so I presume that allows you to do the CLI -- and you still can do mobile first tasks, but it's not intuitive at all. Mobile first tasks you still can't pick the model, and I haven't tested the workstation connection one. That said, indeed paper cuts.
This sucks. Codex was already in the mobile app. And Codex in the browser or in the app sucks because it's not the same as local Codex (VS Code or CLI). And you can't pick the model. Sucks a$$.
