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Why OpenAI's Structure Must Evolve to Advance Our Mission

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Re: Why OpenAI's Structure Must Evolve to Advance Our Mission

#311

Post by az226 »

woopsn wrote: post #302

Realistically the alternative is that they remain a kind of sham non-profit. I don't like the company, their mission and leadership creep me out - but all things considered it would be a good thing for them to lose the 503c designation, no? Their CEO and board are... extremely unreliable narrators, to put it lightly. They just raised over $6b at a $157b valuation. The total amount of capital invested to date is aston…

Exactly. The bespokeness they mention is opposite. When investor demand is crazy high and you can raise the largest VC rounds in human history, the argument that they can’t raise money unless they change to for profit is laughable at best. At best.

Re: Why OpenAI's Structure Must Evolve to Advance Our Mission

#312

Post by az226 »

JohnnyMarcone wrote: post #150

I understand the criticisms in this thread and, based on tech leaders actions in the past, am inclined to agree with them. If only to not feel naive. However, given the extremely competitive environment for AI, if Sam Altman and OpenAI were altruistic and wanted to create a company that benefited everyone, what options do they have moving forward? Do people here think that they can remain competitive with their curre…

They just raised $6B. That’s like at the tippy top of a VC round in human history.

Re: Why OpenAI's Structure Must Evolve to Advance Our Mission

#313

Post by az226 »

htrp wrote: post #31

What happens to all those fake equity profit participation units that Open AI used to hand out?

That’s what they want to convert into ordinary shares into the for profit company.

If you cash them out at the last round price, I bet they wouldn’t be happy.

They want to convert at a trust me bro conversion rate. “Independent financial advisors” lol.

Re: Why OpenAI's Structure Must Evolve to Advance Our Mission

#314

Post by az226 »

jefftk wrote: post #149
sobellian wrote: post #122

Earlier quoted context omitted.

So there's really no legal recourse if a 501c3 markets itself as a research institute / OSS developer, collects $130MM, and then uses those donations to seed a venture-backed company with closed IP in which the donors get no equity? One that even competes with some of the donors?

There is recourse, in that a 501c3 is limited in what it can do with it's assets: it must use them to advance its charitable purpose. In this case the OpenAI board will attempt to make the case that this approach, with partial ownership of a public benefit company, is what's best for their mission. If donors got equity in the PBC or the owned PBC avoided competing with donor owned companies this would not be consiste…

It’s also not in the non-profit’s interests to convert the shares to ordinary shares at trust me bro conversion rates.

Re: Why OpenAI's Structure Must Evolve to Advance Our Mission

#315

Post by az226 »

threeseed wrote: post #36
jprete wrote: post #20

Earlier quoted context omitted.

It's plausible that, without Musk's less-than-a-third, nobody else would have put in any serious money.

It's not even remotely plausible. Sam Altman is one of the most well connected people in Silicon Valley. And investors like Reid Hoffman aren't having their lives being dictated by Musk.

Yes, but while many on Altman’s circuit pledged to donate to OpenAI, they never actually did. Musk was like the only main one.

Re: Why OpenAI's Structure Must Evolve to Advance Our Mission

#317

Post by VeejayRampay »

ants_everywhere wrote: post #48

> Our current structure does not allow the Board to directly consider the interests of those who would finance the mission Why should it? You can't serve two masters. They claim to serve the master of human-aligned AI. Why would they want to add another goal that's impossible to align with their primary one?

because they're liars

Re: Why OpenAI's Structure Must Evolve to Advance Our Mission

#318

Post by sneak »

paxys wrote: post #53

I don't understand why they are spending so much time and effort trying to put a positive spin on this whole for-profit thing. No one is buying it. We all know what's going on. Just say "we want to make lots of money" and move on with your lives.

I don’t think that’s what’s going on.

I don’t think sama is motivated much by money.

Re: Why OpenAI's Structure Must Evolve to Advance Our Mission

#319

Post by wodderam »

llm_trw wrote: post #38
yalogin wrote: post #4

Is everyone now believing that AGI is within reach? This scrambling to have a non profit based structure is odd to me. They clearly want to be a for profit company, is this the threat of Elon talking?

Open AI has build tools internally that scale not quite infinitely but close enough and they seem to have reached above human performance on all tasks - at the cost of being more expensive than hiring a few thousand humans to do it. I did work around this last year and there was no limit to how smart you could get a swarm of agents using different base models at the bottom end. This at the time was a completely open…

It is quite impressive to test a model on all human tasks in order to know this.

Especially if it takes so much compute to do any one task.

Sounds legit.

Re: Why OpenAI's Structure Must Evolve to Advance Our Mission

#320

Post by ramblerman »

jerjerjer wrote: post #134

Start of the article: > OpenAI’s Board of Directors is evaluating our corporate structure in order to best support the mission of ensuring artificial general intelligence (AGI)1 Footnote 1: > A highly autonomous system that outperforms humans at most economically valuable work. A very interesting definition of AGI.

It moves the goalposts a lot closer for them to proclaim AGI in the near future. By that definition an autononomous car is also AGI.
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