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The weights are open, meaning publicly accessible, but you can't have a business profit off of them without paying for a license. That sounds fair and accurate.

HashiCorp has the same business model for their products: you are free to use them even in a business, except if your business is a competitor of their own cloud solutions.

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Since the analogy is to source, no, that's not fair and accurate. It's misleading. The fair analogous term would be weights-available.
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Open doesn't just mean accessible and never has