I have huge respect for both of these individuals. Sad to see them going at each other. Humanity has immense potential to benefit from their innovation.
Elon Musk sues Sam Altman, Greg Brockman, and OpenAI [pdf]
551–560 of 1001 posts
Re: Elon Musk sues Sam Altman, Greg Brockman, and OpenAI [pdf]
#552Earlier quoted context omitted.
You misunderstand how taxes work. Unprofitable businesses of every sort don't pay income taxes. Startups like OpenAI don't pay income taxes because they don't have income. And investors don't get a writeoff merely for investing in a nonprofit; it's not like a donation to a nonprofit (which would be deductable).
This is a great point but has me realizing I don't know how to square this with the idea that quite a few people are making enormous profits from unprofitable businesses. It feels like there should be a way to tax these startups that exist as vehicles for cash grabs, but are not profitable.
Do you have examples of people making enormous profits you are thinking of?
If you literally mean people (as in employees, executives, ect), they already are being taxed on income.
Unprofitable businesses always have expenses for labor, materials, ect. The distinction is that the company and owners arent making money, so they dont pay taxes. Those that do make money naturally do pay taxes.
What is the hard part to square?
Re: Elon Musk sues Sam Altman, Greg Brockman, and OpenAI [pdf]
#553I uploaded the PDF to ChatGPT4 with the original name and got "Unable to upload musk-v-altman-openai-complaint-sf.pdf" multiple times I changed it to "defnotalawsuit.pdf" and it worked...
Sorry, I am a n00b in this regard. But is the intention to get ChatGPT to summarize the pdf for you?
Yup - to summarize and to help translate legalese. Was quite helpful and was able to ask it for precedents of other non-profits -> for-profits. Seems like Mozilla and Blue Cross Blue Shield are interesting cases to understand better where this happened.
Re: Elon Musk sues Sam Altman, Greg Brockman, and OpenAI [pdf]
#554Re: Elon Musk sues Sam Altman, Greg Brockman, and OpenAI [pdf]
#555Earlier quoted context omitted.
Rather „not organized for the private gain of any person“
Corporations aren’t people, my friend
Corporations definitely count as legal persons, with obligations and rights.
This gave us the Citizens United v. Federal Election Commission, 558 U.S. 310, i case on their right to speech or place funds.
Re: Elon Musk sues Sam Altman, Greg Brockman, and OpenAI [pdf]
#556Is this a wise move for Musk? What if Altman unveils a true AGI that ultimately takes control of the world’s systems and exacts revenge on anyone who has tried to stop its existence?
Re: Elon Musk sues Sam Altman, Greg Brockman, and OpenAI [pdf]
#557Earlier quoted context omitted.
Isn’t everything securities fraud though
The only way to truly make a ton of wealth is to break rules that others follow.
True.
But, sometimes those "rules" aren't laws; they're norms, expectations, or personal human "limitations" (doing uncomfortable things to raise funds, secure the best people, connect with your customer better, etc).
Just wanting to underline that not all of this rule-breaking has to be immoral, or even illegal.
Re: Elon Musk sues Sam Altman, Greg Brockman, and OpenAI [pdf]
#558Earlier quoted context omitted.
I assume you mean Exhibit 2, the email from Sam to Elon.
From: Elon Musk To: Sam Altman Subject: AI Lab Agree on all On Jun 24, 2015, at 10:24 AM, Sam Altman wrote: 1. The mission would be to create the first general Al and use ti for individual empowerment ie, the distributed version of the future that seems the safest. More generally, safety should be a first-class requirement. 2. I think we'd ideally start with a group of 7-10 people, and plan to expand from there. We h…
Why do all the 2-letter words have reversed letters?
Re: Elon Musk sues Sam Altman, Greg Brockman, and OpenAI [pdf]
#559Re: Elon Musk sues Sam Altman, Greg Brockman, and OpenAI [pdf]
#560Earlier quoted context omitted.
But in this case, it wasn’t a company, but a nonprofit.
Nonprofit is a tax status, not a corporate structure.
It is in this case. After Musk invested in them, they’ve incorporated separate for-profit companies to essentially profit from the IP of the non profit.