This longread from pal Robert Tercek lays out what just happened to OpenAI, and what it all means:

In sum, the money won. The “go faster” crowd won. The commercialization crew won.

Who lost?  The voices of caution. The “go slow” crowd.

This stunning denouement holds implications for the entire software industry. OpenAI’s competitors have no choice but to speed up development to stay in the race as the leader sheds the cautious governance structure and welcomes a new board of directors who stand for commercialization and deregulation.

The AI arms race is about to get bigger, faster, and more intense. 

Read the whole essay here – well worth the time!