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Yes: non-profits usually have members, not shareholders. And, most importantly: non-profit charities (not the only kind of nonprofit, but presumably what OpenA
by bbor 2y ago
Yes: non-profits usually have members, not shareholders.
And, most importantly: non-profit charities (not the only kind of nonprofit, but presumably what OpenAI was) are legally obligated to operate “for the public good”. That’s why they’re tax exempt: the government is basically donating to them, with the understanding that they’re benefiting the public indirectly by doing so, not just making a few people rich.
In my understanding, this is just blatant outright fraud that any sane society would forbid. If you want to start a for-profit that’s fine, but you’d have to give away the nonprofit and its assets, not just roll it over to your own pocketbook.
God I hope Merrick Garland isn’t asleep at the wheel. They’ve been trust busting like mad during this administration, so hopefully they’re taking aim at this windmill, too.
- philwelch 2y ago> God I hope Merrick Garland isn’t asleep at the wheel. They’ve been trust busting like mad during this administration, so hopefully they’re taking aim at this windmill, too. Little chance of that as Sama is a big time Democrat fundraiser and donor.
- bbor 2y agoSo are Google and Facebook :shrug: Can’t find a good source for both rn but this one has alphabet in the top 50 nationwide for this election: https://www.opensecrets.org/elections-overview/top-organizations https://www.opensecrets.org/elections-overview/top-organizat... edit: and Sam Altman isn’t exactly donating game changing amounts — around $300K in 2020, and seemingly effectively nothing for this election. That’s certainly nothing to sneeze at as an individual politician, but that’s about 0.01% of his net worth (going off Wikipedia’s estimate of $2.8B, not counting the ~$7B of OpenAI stock coming his way). https://www.dailydot.com/debug/openai-sam-altman-political-donations-senators-ai-regulation/ https://www.dailydot.com/debug/openai-sam-altman-political-d...
- philwelch 2y ago> So are Google and Facebook When you see any numbers for corporations contributing to political campaigns, that's actually just measuring the contributions from the employees of those corporations. That's why most corporations "donate to both parties"--because they employ both Republicans and Democrats.