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OpenAI Offers $2M in Tokens to Y Combinator Startups
Description
Sam Altmans Y Combinator startups receive two million dollars worth of OpenAI tokens, a deal that could potentially benefit both parties. The tokens, used for AI product development, come with an uncapped SAFE, allowing startups to give up less equity if valued higher. OpenAI gains potential profits and startup loyalty, while startups may save on AI infrastructure costs. However, concerns arise over OpenAI potentially copying ideas and offering them for free. The decision to accept the deal hinges on whether startups can make the most of the tokens without excessive equity loss.
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