OpenAI’s promise to stay in California helped clear the path for its IPO

Post by travisjungroth » Wed, Oct 29, 2025, 8:03 PM UTC

palmotea wrote: post #47

atonse wrote: post #24

Earlier quoted context omitted.

I would think that sort of framing implies that the government gives them permission to exist. Rather than, the natural state is that they exist unless they do something bad enough to be shut down. Unless you mean, they need the government's "permission" to even file to become a corporation... But even in that case, you aren't asking for permission, you're doing the old school equivalent of signing up for a domain, y…

> I would think that sort of framing implies that the government gives them permission to exist. > Rather than, the natural state is that they exist unless they do something bad enough to be shut down. JFC, come on. Corporations are legal entities and have no existence separate from the law. If they even have a natural state, that natural state is non-existence.

Post by scottrogers86 » Wed, Oct 29, 2025, 8:09 PM UTC

leetharris wrote: post #4

This is kind of a wild story. Sam Altman is openly flexing that he was able to skirt the rules and regulations by threatening economic damage to California. It's not even subtle anymore. This reminds me of when the former CEO of Hyundai, Chung Mong-koo, went to prison for embezzlement. In just 3 years he was pardoned because the President of South Korea basically said, "we need you for the economy." We're not even pr…

Post by [deleted] » Wed, Oct 29, 2025, 8:21 PM UTC

JumpCrisscross wrote: post #29

dragonwriter wrote: post #22

Earlier quoted context omitted.

Corporations are applications of government power and have no natural rights, their legal rights are at best proxies for the rights of natural persons with some interest in them, and at worst a fiction which serves to limit the rights of natural persons. Also, having a right to do something does not contradict a description of you leveraging power by using a threat of doing it, in the first place.

> Corporations are applications of government power and have no natural rights Sure. Whatever. The people who own and work at OpenAI have no obligation to remain in California. (I’d also argue that global norms are currently walking back from the notion of natural rights pretty much everywhere except for in some parts of Europe. The concept doesn’t work without an appeal to divinity.)

Post by empath75 » Wed, Oct 29, 2025, 8:24 PM UTC

jacquesm wrote: post #38

Prediction for the future: OpenAI IPO's lots of money changes hands, it chugs along for a while, hits a hard spot and then is taken private for pennies on the dollar by Microsoft.

Post by hshdhdhehd » Wed, Oct 29, 2025, 8:25 PM UTC

brcmthrowaway wrote: post #54

Is it possible for a poor fool retail investor to invest in OAI