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That may be all true. But maybe I'm not quite understanding the point or how it relates to Elon from the perspective of non-for-profit OpenAI. It could be "stra
by throw234234234 2y ago
That may be all true. But maybe I'm not quite understanding the point or how it relates to Elon from the perspective of non-for-profit OpenAI. It could be "stranger X" and let me explain.
If the existing assets are worth $40b then for $97b as a board you could sell it, build another OpenAI (in fact you could build 2 new competitors) and still have change left over to pursue your mission. If your charter is to "produce lots of OpenAI accessible to everyone" this has to fit that mission - more AI competitors, more access to AI, etc. No matter what your feelings are of the characters in this story... by definition given their charter they have $40billion worth of assets (by their valuation) to achieve their mission - which includes the PV of all internal advantages/models/patents/etc they have developed. By accepting this deal they are ahead.
So:
- Either the assets are worth $40 billion and to further their charter they should take the deal (and by definition have more assets/firepower to do their mission) OR
- $40 billion is significantly undervalued which then raises other questions around governance, internal dealings, etc to try to convert to a for-profit by buying the non-profit's assets. If they go with the internal plan with the other deal on the table it could be argued as self-sabotage. I'm not sure of US law, but it could give rise to the validity of the deal legally. A non-profit converting to a profit is already a bit "hazy" from my understanding.