I don’t think Cupertino will settle for stock. I think they’ll demand cash and an agreement that OpenAI abandon or reboot their hardware project. In the meantime, Apple gets an open kimono into everything OpenAI has planned.
This could actually be the fuckup that kills OpenAI as an independent company. The threat of a cash judgement gums up not only an IPO, but also debt-based fundraising. (We equity guys are idiots, so we’ll probably keep writing cheques until the market turns.)
This take seems wildly disconnected from reality.
My prediction: this will result in a relatively modest undisclosed settlement and OpenAI won’t abandon, or even modify, their hardware product because of this. And Apple definitely won’t get an “open kimono” to everything OpenAI has planned.
This is two of the largest, most powerful, most well-capitalized companies on the planet in a legal fight. People are taking sides because of their hatred of Sama, and it results in these bizarro takes that OpenAI is finished as a company lol.
Guess we’ll see.
> This could actually be the fuckup that kills OpenAI as an independent company.
I wonder if they’ll be the Lehman Brothers of this bubble
> reboot their hardware project
This could go way beyond any potential hardware project, depending on whats actually true from the allegations and how much of Apple's trade secrets have been used or shared within OpenAI.
There were rumors a while back of OpenAI building some integrations into macOS akin to the Shortcuts app, and who knows what other computer use type projects. They could very well have been using information from within Apple for that.
It's kind of a fruit of a poisonous tree problem. If OpenAI used any of Apple's secrets broadly, Apple could ask the court for an injunction to block the deployment of any software from OpenAI. If discovery proves the IP contamination spread into other areas within OpenAI, it could completely freeze all of their deployments.
If Apple actually has the receipts here they could realistically bring down OpenAI entirely.