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In January, the legal startup DoNotPay sent more than $1 million to employees and investors in its first-ever dividend. He got the idea from one of his own angels, Sahil Lavingia, whose startup Gumroad issued a dividend last year. The expectation is that when a company sells or goes public, employees will cash in their shares for untold riches. Last year, the digital commerce startup Gumroad paid a dividend of $1 million across employees, investors, and thousands of crowdfunding backers. Cash rewardsBrowder said he wanted to offer a dividend to reward those employees and investors who bet on the startup early.
Persons: Joshua Browder, Browder, DoNotPay, it's, Sahil Lavingia, Josh Seidenfeld, Cooley, Steve Huffman, Spencer Platt, Seidenfeld, Lavingia, Andreessen Horowitz, Greylock, Dylan Field, Scott Belsky, Daniel Dines, Balaji Srinivasan, Cash, there's Organizations: Business, Big Law, Employees, Founders Fund, Adobe Locations: San Francisco
A Week With the Wild Children of the A.I. Boom
  + stars: | 2023-05-31 | by ( Yiren Lu | ) www.nytimes.com   time to read: +4 min
Maybe in a few decades from now, we’ll look back at all these seminal A.I. As two analysts at N.E.A., an investment firm, put it in a recent report, generative A.I. But with large language models, incumbents like Google and Microsoft have had a huge head start in both developing the technology and acquiring market share among consumers. Moreover, the capital-intensive nature of training large language models means that smaller companies like OpenAI and Anthropic creating their own large language models have few alternatives beyond making Faustian “partnerships” with tech giants. Beyond the incumbents, one beneficiary might well be the indie hacker, the kind of coder for hire who does niche A.I.
Persons: Mark Cuban, ChatGPT, Diego Basch, , Sahil Lavingia, Organizations: Dallas Mavericks, Twitter, Google, Microsoft, N.E.A Locations: whiteboards, Hillsborough, HF0, S.A.S
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