From the course: Responsible Generative AI and Local LLMs

Unlock this course with a free trial

Join today to access over 23,300 courses taught by industry experts.

Profit sharing concepts

Profit sharing concepts

From the course: Responsible Generative AI and Local LLMs

Start my 1-month free trial Buy for my team

Profit sharing concepts

"

- [Instructor] It's important to think about profit sharing percentage in the context of society. And we can think about this from a microeconomics frame, and if we look at this freerider scenario here, this is one kind of profit share. We have rent seeker, which is another kind of profit share, we have platform, which is another kind of profit share, and we have product. There's no perfect scenario in any of these categories, really there's pros and cons to this in terms of both the consumer and the company as well, but it's important understanding what these terms mean. So first up, if we have freeriders a good example would be public radio and TV. So there are many people that daily listen to public radio, but never pay for a subscription. So they're freeriders, they're getting a benefit without paying anything for it. If enough people didn't pay for public radio, there would be no public radio. Likewise with software piracy, if it's able in terms of a software package, it's able…

Inhalt