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There's absolutely no sense in talking about OpenAI as a nonprofit at this point. The new board and Altman talk about the governance structure changing, and I s
by jprete 3y ago
There's absolutely no sense in talking about OpenAI as a nonprofit at this point. The new board and Altman talk about the governance structure changing, and I strongly believe they will maximize their ability to run it as a for-profit company. 100x profit cap is a very large number on an $80 billion valuation.
- jacquesm 3y agoThere never was. But they successfully planted the seeds to make people think it is that way.
- didibus 3y agoYa, it's a joke at this point. Better they just kill the non-profit and stop pretending.
- krick 3y agoSurely they don't do it without a reason. And I don't know what the reason is, but I must assume it's some financial benefit (read, tax evasion), and not our opinion.
- crazydoggers 3y agoBut then they’d have to pay taxes, and all those corporations don’t get the juicy tax detections for “donating” to AI tech that will massively increase their profits.
- bmitc 3y agoWhy doesn't the government do it for them, fining them along the way?
- sanderjd 3y agoI have no idea how it will all play out, but I will be shocked if there is no government investigation coming out of all this.
- bmitc 3y agoYea, it seems really weird that he and others can just form a non-profit and then later have it own a for-profit with the full intention of turning everything into a for-profit enterprise. Seems like tax evasion and a few other violations of what a non-profit is supposed to be.
- sanderjd 3y agoYep, if this is an acceptable fact pattern, it seems to create a bunch of loopholes in the legal treatment of non-profits vs for-profits. I think the simpler conclusion is that it actually isn't an acceptable fact pattern, and we'll be seeing fines or other legal action.
- simbolit 3y agoChange the name while you are at it; the company is not any more "open" than the next shop.
- sanderjd 3y agoIndeed, I think it's the least open of them all?
- 93po 3y ago100x is basically just a “they won’t literally take over the economy of the entire planet”