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The report provides a balanced overview of the risks and benefits of open sourcing highly capable foundation models. It seeks to cut through the polarized debate surrounding open source and AI governance. The main goal is to understand the specific goals of open sourcing and explore alternative methods that can achieve similar benefits with less risk. The paper emphasizes that open sourcing AI is generally good, as it promotes technological development and safety research. However, it acknowledges that there may be highly capable AI systems that pose risks of malicious use or harm, which require careful consideration before open sourcing. The report highlights the need for processes to assess the risks and benefits of open sourcing on a case-by-case basis.