This fix is in!!!
Anthropic and OpenAI have bought protection from @realDonaldTrump — it seems!
Insane that after they both stole IP they’re looking to shut down access the free open source models that stole from them
Regulatory capture worked — and they did it in plain sight!!!
5% of their stock and $100m in lobbyists!
THIS ISNT A DEMOCRACY!!!
One of the main reasons manufacturing moved to China is that massive US regulation made it expensive and difficult to build here.
The same thing will happen with AI. If we wrap ourselves in red tape, the real winners are the Reds in China.
To summarize: HuggingFace got autonomously compromised by a model from an American company. HF then tried to use American frontier model(s) to defend themselves, but were blocked by guardrails. HF then had to turn to open source Chinese models to defend themselves from another American company.
@weswinder update: followed all 3 of your listed ways to change it and only then has it started working. If you only turn 1 off the others stay on/don't sync and it will still reroute.
Giving government officials the power to decide who gets access to frontier models on a discretionary basis is a recipe for corruption in addition to inefficiency.
To be very clear, this is how these companies go out of business.
Period.
You cannot fund 2 billion dollar training runs if you have to beg the government to grant access to customers.
The second order effects of this are the economic boom grinding to a halt, investment drying up, these companies going into the red even more, startups everywhere smashed on the rocks, the stock market crashing (which has been nothing but a big bet on AI for the past few years) and retirement accounts wiped out, public trust shattering, and world-wide foaming at the mouth rage at being cut off that creates a powerful pendulum swinging in another direction to find a solution.
This is honestly no way to release a model and continued development and release this way is a solid way to salt the ground and kill all innovation by small startups
@sharran How is this better than stock? What do founders gain over an ESOP?
It has much worse tax treatment for employees that reduce their upside by as much as 50%. If control is so important you can create a supervoting class of shares, no need to get creative with phantom equity.
Be very careful with this, can backfire pretty big too:
1) delaying the start of the 5 year clock is always risky
2) at time of exit, your converted "basis" is excluded from QSBS and would now be taxable. If that's a big portion of your exit, you'd have screwed yourself out of QSBS with this trick.
@RobAnon Same here. Had a heart attack the first time I saw this.
Right after we closed our pre-seed too and the amount was almost 10% of what we'd raised.
Seems to be a rite of passage for founders.
Don't get fooled by the specs. Had an earlier version of this (128gb RAM at the time, maxed out all options).
Terrible and way underperformed a 32gb Macbook Pro for day-to-day productivity.
Computer would get very sluggish, hot, loud, unusable on battery power, and lots of issues compared to Macs.