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Allowing startups to begin as non-profits for tax benefits, only to 'flip' into profit-seeking ventures is a moral hazard, IMO. It risks damaging public trust in the non-profit sector as a whole. This lawsuit is important
Earlier quoted context omitted.
It's described here: https://openai.com/our-structure Quote: Fifth, the board determines when we've attained AGI. Again, by AGI we mean a highly autonomous system that outperforms humans at most economically valuable work. Such a system is excluded from IP licenses and other commercial terms with Microsoft, which only apply to pre-AGI technology. > "Musk claims Microsoft's hold on Altman and the OpenAI board will kee…
If he thinks GPT-4 is AGI, Elon should ask a team of GPT-4 bots to design, build and launch his rockets and see how it goes. If “economically valuable work” means creating terrible, wordy blog posts then yeah I guess it’s a risk.
> I'd hate to bet against elon winning - @sama https://twitter.com/sama/status/618265660477452288
Allowing startups to begin as non-profits for tax benefits, only to 'flip' into profit-seeking ventures is a moral hazard, IMO. It risks damaging public trust in the non-profit sector as a whole. This lawsuit is important
I completely agree. AGI is an existential threat, but the real meat of this lawsuit is ensuring that you can't let founders have their cake and eat it like this. what's the point of a non-profit if they can simply pivot to making profit the second they have something of value? the answer is that there is none, besides dishonesty. it's quite sad that the American regulatory system is in such disrepair that we could ev…
It is totally fine and common for non profits to sell things and reinvest as capital.
This is an admirable lawsuit, however, Musk is no longer on the board. That means he has as much say in the direction of the company as a random crackhead living on the BART train. The article states he left the board in 2018.
> he has as much say in the direction of the company as a random crackhead living on the BART train He donated 8 figures to the nonprofit. So he deserves as much say in the direction as a random crackhead living on the BART train who donated $44M to the nonprofit.
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OpenAI was a 501C3. This meant donors could give money to it and receive tax benefits. The advantage is in the unique way it can reduce the funders tax bill.
A donation is a no strings attached thing, so these donors basically funded a startup without getting any shares?
> I'd hate to bet against elon winning - @sama https://twitter.com/sama/status/618265660477452288
Tragically I, a mere Neanderthal with a primitive lizard brain, can only settle back and reach for the biggest ever bowl of popcorn.
Earlier quoted context omitted.
I completely agree. AGI is an existential threat, but the real meat of this lawsuit is ensuring that you can't let founders have their cake and eat it like this. what's the point of a non-profit if they can simply pivot to making profit the second they have something of value? the answer is that there is none, besides dishonesty. it's quite sad that the American regulatory system is in such disrepair that we could ev…
Nuclear weapons are an existential threat - that's why there are layers of human due diligence. We don't just hook it up to automated systems. If we hook up an unpredictable, hard-to-debug technology to world-ending systems, it's not its fault, it's ours. The AGI part is Elon being Elon, generating a lot of words to sound like he knows what he is talking about. He spends a lot of time thinking about this stuff when h…
Allowing startups to begin as non-profits for tax benefits, only to 'flip' into profit-seeking ventures is a moral hazard, IMO. It risks damaging public trust in the non-profit sector as a whole. This lawsuit is important