It still doesn’t justify their valuation because it shows that their product is unprotectable.
In fact, I’d argue this is even worse, because no matter how much OpenAI improves their product, and Altman is prancing around claiming to need $7Trillion to improve their product, someone else can replicate it for a few million.
It still doesn’t justify their valuation because it shows that their product is unprotectable.
First-mover advantage doesn't always have to pay off in the marketplace. FedEx probably has to schedule extra flights between SF and DC just to haul all of OpenAI's patent applications.
I suspect that it's going to end up like the early days of radio, when everybody had to license dozens of key patents from RCA ( https://reason.com/2020/08/05/how-the-government-created-rca... ). For the same reason, Microsoft is reputed to make more money from Android licenses than Google does.
