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OpenAI to become for-profit company

reuters.com

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Re: OpenAI to become for-profit company

#601

Post by [deleted] »

elAhmo wrote: post #553
thesurlydev wrote: post #278

I can't help but wonder if things would be different if Sam Altman wasn't allowed to come back to OpenAI. Instead, the safeguards are gone, challengers have left the company, and the bottom line is now the new priority. All in opposition to ushering in AI advancement with the caution and respect it deserves.

Similar example can be seen with the demise of Twitter under the new owner, which has no safeguards or guardrails - anyone who opposed him is gone and we can see in what state it is now.

[deleted]

Re: OpenAI to become for-profit company

#602

Post by sfblah »

cdchn wrote: post #587
talldayo wrote: post #581

Earlier quoted context omitted.

To be honest, I would take a private space agency 7 days out of the week with that kind of capital. We have no fundamental proof that LLMs will scale to the intelligence levels that we imagine in our heads. The industry application for LLMs is even weaker than computer vision, and the public sentiment is almost completely against it. Sam's product is hype; eventually people are going to realize that Q* and Strawberry…

Private space agency and LLMs both seem like big industries going nowhere driven by sci-fi hopes and dreams.

Not sure I agree with you here. I use LLMs all the time for work. I've never once used a space agency for anything.

Re: OpenAI to become for-profit company

#603

Post by nfw2 »

throwup238 wrote: post #352

I’m confused by this news story and the response here. No one seems to understand OpenAI’s corporate structure or non profits at all. My understanding: OpenAI follows the same model Mozilla does. The nonprofit has owned a for-profit corporation called OpenAI Global, LLC that pays taxes on any revenue that isn’t directly in service of their mission (in a very narrow sense based on judicial precedent) since 2019 [1]. I…

> "All OpenAI is doing here is decoupling ownership of the for-profit entity from the nonprofit."

Yes, but going from being controlled by a nonprofit to being controlled by a typical board of shareholders seems like a pretty big change to me.

Re: OpenAI to become for-profit company

#604

Post by pieix »

amelius wrote: post #590
unstruktured wrote: post #466

I wish they would at least rename the company to "ClosedAI" because that's exactly what it is at this point.

Unfortunately, that's not how trademarks work. You can name your company "ThisProductWillCureYouFromCancer" and the FDA cannot do a thing about it if you put it on a bottle of herbal pills.

Is this true? If so it seems like an underexploited loophole.

Re: OpenAI to become for-profit company

#605

Post by [deleted] »

whamlastxmas wrote: post #252
0xDEAFBEAD wrote: post #69

Earlier quoted context omitted.

ICYMI, Elon Musk restarted his lawsuit a month or two ago: https://www.reuters.com/technology/elon-musk-revives-lawsuit... I'm wondering if OpenAI's charter might provide a useful legal angle. The charter states: >OpenAI’s mission is to ensure that [AGI ...] benefits all of humanity. >... >We commit to use any influence we obtain over AGI’s deployment to ensure it is used for the benefit of all, and to avoid enabling…

Sam had a blog post literally two days ago that acknowledged risks. There’s also still a sizeable focus on safety and people with roles dedicated to it at open ai

[deleted]

Re: OpenAI to become for-profit company

#606

Post by IAmNotACellist »

thesurlydev wrote: post #278

I can't help but wonder if things would be different if Sam Altman wasn't allowed to come back to OpenAI. Instead, the safeguards are gone, challengers have left the company, and the bottom line is now the new priority. All in opposition to ushering in AI advancement with the caution and respect it deserves.

What else would you expect from a skeevy backstabber who got kicked out of Kenya for refusing to stop scanning people's eyes in exchange for shitcoin crypto? He was building a global surveillance database with Worldcoin.

Altman was fucking with OpenAI for long before the board left in protest, since about the time Elon Musk had to leave due to Tesla's AI posing a conflict of interest. He got more and more brazen with the whole fake-altruism shit, up to and including contradicting every point in their mission statement and promise to investors in the "charity."

Re: OpenAI to become for-profit company

#607

Post by cdchn »

sfblah wrote: post #602
cdchn wrote: post #587

Earlier quoted context omitted.

Private space agency and LLMs both seem like big industries going nowhere driven by sci-fi hopes and dreams.

Not sure I agree with you here. I use LLMs all the time for work. I've never once used a space agency for anything.

I think they're both overhyped by sci-fi optimism but I would agree (even being mostly an AI minimalist) the impact of LLMs (and their improvement velocity) is a lot meaningful to me right now. I mean satellites are cool and all.

Re: OpenAI to become for-profit company

#608

Post by dangitman »

throwup238 wrote: post #437
seizethecheese wrote: post #425

Earlier quoted context omitted.

“Decoupling” is such a strange euphemism for removing an asset worth north of $100b from a nonprofit.

OpenAI Global LLC is the $100b asset. It’s not being removed, the nonprofit will still own all the shares it owns now until it decides to sell.

[dead]

Re: OpenAI to become for-profit company

#609

Post by macintux »

sfblah wrote: post #602
cdchn wrote: post #587

Earlier quoted context omitted.

Private space agency and LLMs both seem like big industries going nowhere driven by sci-fi hopes and dreams.

Not sure I agree with you here. I use LLMs all the time for work. I've never once used a space agency for anything.

GPS, weather forecasting, tv broadcasting…I’ve been using a space agency for as long as I’ve been alive.

Re: OpenAI to become for-profit company

#610

Post by b800h »

Aeolun wrote: post #600
sangnoir wrote: post #563

Earlier quoted context omitted.

The shares will be diluted - the LLC used to be 100% owned by the non-profit; and now there's no bottom.

Normally shareholders aren’t ok with that.

I was under the impression that in UK law at least, (and obviously not in this case) the trustees of a non-profit would be bound to work in the best interests of that non-profit. And so allowing an asset like this to somehow slip out of their control would be the sort of negligence that would land you in very hot water. I'd be interested to know how this isn't the case here.
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