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Non-profits are literally tax-exempt. OAI spent 10 years being tax-exempt in exchange for doing work that fully benefits the public. Now that work, 10 years of
by asadotzler 1y ago
Non-profits are literally tax-exempt. OAI spent 10 years being tax-exempt in exchange for doing work that fully benefits the public. Now that work, 10 years of tax exempt work, is being handed over to a taxable outfit, a for-profit organization. If the result of 10 years of tax-exempt efforts get handed to a for-profit company, the taxes that were never paid should be because the public benefit that got them the tax benefit wasn't fulfilled, in fact it was stolen and handed to ultra-wealthy capitalists.
- oklahomasports 1y agoDo you think really think they were profitable during that time?
- khazhoux 1y agoWhat taxes did the non-profit skirt? All the sources I can find say that the revenue of ChatGPT was through the for-profit division, and that they’ve been paying taxes on all their revenue. Is there some other tax that they’ve avoided paying?
- verdverm 1y agoSales & property, see my nearby comment for links
- khazhoux 1y agoOh shit, the company that revolutionized AI didn’t pay their fair share of SF property taxes. Now I understand the outrage!
- dumbledoren 1y agoIt doesnt matter what kind of tax they didnt pay. They SHOULD pay tax. Otherwise this makes it a loophole for private companies to dump research & development costs on the taxpayer but reap all the profits.
- Esophagus4 1y agoHuh? The loophole is already there. Everything of their restructuring was signed off on by multiple states’ attorneys general. And their for-profit entity pays taxes like any other company. Making them pay tax on stuff they did while a non-profit is making up laws on the fly - a strong, rule-of-law-based system is critical for the US to function properly. You can’t just arbitrarily make decisions based on what you think should happen because it’s fair or unfair. If you want OpenAI to pay back taxes, you need to change the laws first.
- verdverm 1y agoThe issue is not the laws. The issue is that OpenAI mislead officials and externalized costs on the taxpayer.The extent to which this happened should be looked into by professionals. It's not about changing the laws, it's about enforcing the ones we have fairly. Too many orgs and companies buy politicians, and now ballrooms for them
- Esophagus4 1y agoWhat law was not enforced?
- verdverm 1y agoPeople who are experts should look into it and let us know (i.e. an investigation) I would not trust the corporations and politicians to be forthcoming or transparent on this
- pixl97 1y agoYou mean the results that a few other companies almost instantly copied and productive themselves once the way to do it was discovered? There is no moat around LLMs.