Yishan Wong describes a series of actions by Yishan and Sam Altman as a "con", and Sam jumps in to brag that it was "child's play for me" with a smiley face. :)
OpenAI to become for-profit company
51–60 of 809 posts
Re: OpenAI to become for-profit company
#52I 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?
Re: OpenAI to become for-profit company
#53Reputationally... the net winner is Zuck. Way to go Meta (never thought I'd think this).
Re: OpenAI to become for-profit company
#54I 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?
Re: OpenAI to become for-profit company
#55The most surprising thing to me in this is that the non-profit will still exist. Not sure what the point of it is anymore. Taken as a whole, OpenAI is now just a for-profit entity beholden to investors and Sam Altman as a shareholder. The non-profit is really just vestigial. I guess technically it's supposed to play some role in making sure OpenAI "benefits humanity". But as we've seen multiple times, whenever that g…
Re: OpenAI to become for-profit company
#56List of crawlers for those who now want to block: https://platform.openai.com/docs/bots
Re: OpenAI to become for-profit company
#57I 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?
Re: OpenAI to become for-profit company
#58Lot of people unhappy about this yet not at all unhappy (or even caring) about the 1,000s of others who started out for profit. And while we're all here hacking away (we're hackers, right?) many of us with startups, what is it we're chasing? Profit, money, time, control. Are we different except in scale? Food for thought.
I feel this only scratches the surface of what to chase in life. And in respect to a potentially singular, all-knowing piece of technology, not necessarily a goal people want to embue.
Re: OpenAI to become for-profit company
#59Lot of people unhappy about this yet not at all unhappy (or even caring) about the 1,000s of others who started out for profit. And while we're all here hacking away (we're hackers, right?) many of us with startups, what is it we're chasing? Profit, money, time, control. Are we different except in scale? Food for thought.
Re: OpenAI to become for-profit company
#60Earlier quoted context omitted.
Only hard if you're that kind of person. Not everyone is like that. And those kind of people have difficulty believing this.
Everyone is like that when the number is potentially in the trillions. There are just people who are like that and people who think they aren’t because they’ve never been within a digit grouping of it.