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Comment by ungovernableCat | Hacker News Reader

Its CEO allegedly holds a 84% stake and he's the same guy who founded the hedge fund that funds it.

Deep pockets + simple control = perfect culture to just hire talent and let them go wild without worrying about financial viability, as long as the king CEO is fine with it that is

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> Deep pockets + simple control = perfect culture to just hire talent and let them go wild without worrying about financial viability, as long as the king CEO is fine with it that is

To expand, he also has knowledge and hands-on experience in this and related fields.

Just like the founder of Xerox PARC.

Unless that CEO is Mark Zuckerberg, I guess.

i think the hedge fund wasn't really successful. They are venture / govt. funded just like the americans.

This is also what is compelling about Midjourney imo.

While typical investors in their last round are subject to a five-year lock-up and will not have voting rights, China's National Artificial Intelligence Industry Investment Fund also put money into it, retaining both voting rights and freedom from the lock-up. Nothing really new if you're aware of how involved the CCP is with companies of strategic importance in China.

https://www.reuters.com/world/asia-pacific/chinas-deepseek-c...

Oh of course, you’re not getting into positions of power by not playing by the party’s rules. And if you get notions that you can tell THEM what to do you’ll be swiftly dealt with.

The company is doing well and providing great PR so the party is content to not meddle too much I imagine.

My comparison with American labs is more that I think they have to deal with bean counters, creditors, investors etc which can shuffle incentives and aims (and is a big reason why they dont do open weights anymore)

> My comparison with American labs is more that I think they have to deal with bean counters, creditors, investors etc which can shuffle incentives and aims (and is a big reason why they dont do open weights anymore)

And don't forget kowtowing to Trump.

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