Bill Gurley: Closed model firms admitted hackable flaws, should disclose liabilities in S-1

markjeffrey · x · 2026-09-18

Bill Gurley sparked a lively Silicon Valley thread arguing that large closed model companies have publicly admitted their products are defective and can be used for hacking and cyber crime. He says they should 1) fix the issues and 2) disclose these seemingly likely liabilities in their S-1 filings. Jason and others amplified the thread as hilarious, feeding the ongoing debate over model safety liability and disclosure.

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