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Is there any chance that the board considers it at all? I mean its mission is to maximize the interests of shareholders, and right now, it's unclear that OpenA
by d--b 2y ago
Is there any chance that the board considers it at all?
I mean its mission is to maximize the interests of shareholders, and right now, it's unclear that OpenAI will maintain its dominating position over competitors in the long run.
EDIT: forgot to mention I am not a Trump/Musk guy in any way. Just talking about the deal here.
- shubb 2y agoIs that true for the current board arrangement? I thought they were set up a some kind of non profit and thier mandate was to pursue other goals not profit. That was what caused the issue with the altman firing previously right?
- philjohn 2y agoEven the way they want to go public, as a Public Benefit Corporation, calls into question whether the board then would allow Musk to take a controlling stake.
- deleted 2y ago[deleted]
- mattmaroon 2y agoThat is not the mission (it is a non-profit) and does not have to be after they transition either.
- d--b 2y agoah right
- kweingar 2y agoThe transition involves a sale of the non-profit's assets. This is what Elon has offered to buy. They can refuse Elon's offer, but they can't turn around and sell the assets 50% cheaper to someone else (as they had previously planned).
- mattmaroon 2y agoSure they can. They're a non-profit, they don't have a fiduciary duty. It may cause some ramifications for the taxes and accounting but they absolutely can since they don't have shareholders.