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OpenAI to become for-profit company

reuters.com

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Re: OpenAI to become for-profit company

#241

Post by kranke155 »

tomp wrote: post #227
moralestapia wrote: post #209

Earlier quoted context omitted.

It's not weird, it's illegal. There's a lot of jurisdiction around preventing this sort of abuse of the non-profit concept. The reason why the people involved are not on trial right now is a bit of a mystery to me, but could be a combination of: * Still too soon, all of this really took shape in the past year or two. * Only Musk has sued them, so far, and that happened last month. * There's some favoritism from the g…

> Dismantling OpenAI is actually a business strategy for many other players now. Which ones exactly? NVIDIA is drinking sweet money from OpenAI. Microsoft & Apple are in cahoots with it. Meta/Facebook seems happy to compete with OpenAI on a fair playing field. Anthropic lacks the resources. Amazon doesn't seem to care. Google is asleep.

Google is asleep? Gemini is the product of a company that's asleep?

Re: OpenAI to become for-profit company

#242

Post by bschmidt1 »

kweingar wrote: post #219

Can anybody explain how this actually works? What happens to all of the non-profit's assets? They can't just give it away for investors to own. The non-profit could maybe sell its assets to investors, but then what would it do with the money? I'm sure OpenAI has an explanation, but I really want to hear more details. In the most simple analysis of "non-profit becomes for-profit", there's really no way to square it ot…

[flagged]

Re: OpenAI to become for-profit company

#243

Post by marviel »

Vegenoid wrote: post #225
marviel wrote: post #212

Earlier quoted context omitted.

scraping is fine by me. burning the bridge so nobody else can legally scrape, that's the line.

What about the situation where the first players got to scrape, then all the content companies realize what’s going on so they lock their data up behind paywalls?

Not a fan, but I'm not sure what can be done.

Assets like the Internet Archive, though, should be protected at all costs.

Re: OpenAI to become for-profit company

#244

Post by blackeyeblitzar »

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?

It is going to be taken advantage of. Musk and others have criticized this “novel” method of building a company. If it is legal then it is a puzzling loophole. But another way to look at it is it gives small and vulnerable companies a chance to survive (with different laws and taxes applying to the initial nonprofit). If you look at it as enabling competition against the big players it looks more reasonable.

Re: OpenAI to become for-profit company

#246

Post by blackeyeblitzar »

lenerdenator wrote: post #186
neilv wrote: post #66

The incremental transformation from non-profit to for-profit... does anyone have legal standing to sue? Early hires, who were lured there by the mission? Donors? People who were supposed to be served by the non-profit (everyone)? Some government regulator?

Everyone has legal standing to sue at any time for anything. Whether the case is any good is another matter.

In the US standing is a specific legal concept about whether you have a valid reason/role to bring up a particular issue. For example most of Donald Trump’s lawsuits around the 2020 election were rejected for a lack of standing rather than on merit (whether the case is any good).

Re: OpenAI to become for-profit company

#247

Post by bschmidt1 »

vrighter wrote: post #24
freitasm wrote: post #5

Earlier quoted context omitted.

Seeing so much money rolling in, hard to not want a slice of the pie.

What money? Aren't most (all?) AI companies are operating at a loss?

OpenAI is losing billions in the way Uber lost billions - through poor management.

When/if Altman ever gets out of the way like Travis K did with Uber then the real business people can come in and run the company correctly. Exactly like what happened with Uber - who never turned a profit under that leadership in the US and had their lunch eaten by a Chinese knock-off for years abroad. Can't have spoiled brats in charge, they have no experience and are wasteful and impulsive. Especially like Altman who has no engineering talent either. What is his purpose in OpenAI? He can't do anything.

Re: OpenAI to become for-profit company

#250

Post by blackeyeblitzar »

limit499karma wrote: post #105

Reuters had the exclusive yesterday but somehow it never surfaced for long here: "OpenAI to remove non-profit control and give Sam Altman equity" https://www.reuters.com/technology/artificial-intelligence/o...

It appeared but was buried on the second page and never made it to the front page, for some weird reason. Some in the discussion speculated that it was due to a flame war detection algorithm:

https://news.ycombinator.com/item?id=41651548

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