OpenAI to become for-profit company

Post by marviel » Thu, Sep 26, 2024, 2:14 PM UTC

lioeters wrote: post #104

bayindirh wrote: post #13

Earlier quoted context omitted.

> The most surprising thing to me in this is that the non-profit will still exist. That entity will scrape the internet and train the models and claim that "it's just research" to be able to claim that all is fair-use. At this point it's not even funny anymore.

Scraping the entire internet for training data without regard for copyright or attribution - specifically to use for generative AI to produce similar content for profit. How this is being allowed to happen legally is baffling. It does suit the modus operandi of a number of American companies that start out as literally illegal/criminal operations until they get big and rich enough to pay a fine for their youthful mis…

Post by outside1234 » Thu, Sep 26, 2024, 2:17 PM UTC

immibis wrote: post #128

lioeters wrote: post #104

Earlier quoted context omitted.

Scraping the entire internet for training data without regard for copyright or attribution - specifically to use for generative AI to produce similar content for profit. How this is being allowed to happen legally is baffling. It does suit the modus operandi of a number of American companies that start out as literally illegal/criminal operations until they get big and rich enough to pay a fine for their youthful mis…

Everything is allowed to happen until there's a lawsuit over it. A lawsuit requires a plaintiff, who can only sue over the damage suffered by the plaintiff, so taking a little value from a lot of people is a way to succeed in business without getting sued.

Post by mirekrusin » Thu, Sep 26, 2024, 2:19 PM UTC

lolinder wrote: post #202

humansareok1 wrote: post #195

Given what Sam has done by clearing out every single person who went against him in the initial coup and completely gutting every safety related team the entire world should be on notice. If you believe what Sam Altman himself and many other researchers are saying, that AGI and ASI may well be within reach inside this decade, then every possible alarm bell should be blaring. Sam cannot be allowed to be in control of…

I don't know why anyone would believe anything this guy is saying, though, especially now that we know he's going to receive a 7% stake in the now-for-profit company. There are two main interpretations of what he's saying: 1) He sincerely believes that AGI is around the corner. 2) He sees that his research team is hitting a plateau of what is possible and is prepping for a very successful exit before the rest of the…

Post by moralestapia » Thu, Sep 26, 2024, 2:20 PM UTC

csomar wrote: post #41

phito wrote: post #20

I know nothing about companies (esp. in the US), but I find it weird that a company can go from non-profit to for-profit? Surely this would be taken advantage of. Can someone explain me how this work?

I am not a tax specialist but from my understanding a non-profit is a for-profit that doesn't pay dividends. Why would the government care?

Post by HarHarVeryFunny » Thu, Sep 26, 2024, 2:22 PM UTC

nikcub wrote: post #184

HarHarVeryFunny wrote: post #67

And more high level exits ... not only Mira Murati, but also Bob McGrew , and Barret Zoph https://www.businessinsider.com/sam-altman-openai-note-more-...

Difficult to see how these two stories aren't related. OpenAI has been one of the most insane business stories in years. I can't wait to read a full book about it that isn't written by either Walter Isaacson or Michael Lewis.