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OpenAI to become for-profit company

reuters.com

701–710 of 809 posts

Re: OpenAI to become for-profit company

#701

We are booing Altman because his bait and switch feels unethical, but many of us saw it coming from a mile away, how does he make this transition to take advantage of the financial system so smoothly? Is there no legal guard for such maneuver, or is he just an insanely good player to circumvent all of them in plain view?

[deleted]

Re: OpenAI to become for-profit company

#702
post #488

Earlier quoted context omitted.

I read at the time that there was massive coordinated pressure on the rank and file from the upper levels of the company. When you combine that with OpenAI clawing back vested equity even from people who voluntarily leave, the 95% support means nothing at all.

Nah, there was not massive coordinated pressure. I was one of the ~5% who didn't sign. I got a couple of late-night DMs asking if I had seen the doc and was going to sign it. I said no; although I agreed with the spirit of the doc, I didn't agree with all of its particulars. People were fine with that, didn't push me, and there were zero repercussions afterward.

Thanks for the response.

Re: OpenAI to become for-profit company

#703
post #184

And more high level exits ... not only Mira Murati, but also Bob McGrew , and Barret Zoph https://www.businessinsider.com/sam-altman-openai-note-more-...

Difficult to see how these two stories aren't related. OpenAI has been one of the most insane business stories in years. I can't wait to read a full book about it that isn't written by either Walter Isaacson or Michael Lewis.

I want Chuck Palahniuk to write the book. It would be dark and amazing.

Re: OpenAI to become for-profit company

#704
post #602

Earlier quoted context omitted.

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.

My Dad uses SpaceX to work from home every day.

SpaceX is not a private space agency though, it is a private space launch and satellite communications company, which has revolutionized access to space and access to communication, providing enormous social benefit.

People use SpaceX every day even if they never connected to a starlink -- the lower costs that governments pay for space launches means more money for other things, not to mention no longer paying Russia for launches or engines.

Re: OpenAI to become for-profit company

#706

We are booing Altman because his bait and switch feels unethical, but many of us saw it coming from a mile away, how does he make this transition to take advantage of the financial system so smoothly? Is there no legal guard for such maneuver, or is he just an insanely good player to circumvent all of them in plain view?

It has been running on an honor code, that someone pulling off something so slimy as to funnel money meant for non-profits would just get shunned by society and business. Yet here we are.

Ironically the one person with resources fighting it in a tangible way, even if for spite, is Elon Musk.

Re: OpenAI to become for-profit company

#707
post #454

So are they going to give elon equity? He donated millions to the non profit and now they are going to turn around and turn the company into a for-profit based on the work done with that capital.

Musk doesn't seem to be happy about the situation: https://x.com/elonmusk/status/1839121268521492975

> This is deeply wrong

I can’t tell if Elon is saying that the tweet is misinformed or OpenAI’s behavior is reprehensible

Re: OpenAI to become for-profit company

#708

It's hilarious that this should surprise anyone at all, or that Sam Altman is anything but a mendacious, self-serving, compulsive liar of the worst tech world kind. For example, Elon Musk gets lots fo hate for all kinds of things. Some of it is very valid, but much of it also goes to the point of there being derangement syndrome around him, partly (I suspect) because of his openly stated zeitgeist-contrary political…

Objectively, they’re both no good.

Re: OpenAI to become for-profit company

#709
i remember years ago i saw a video of sam altman interviewing elon musk. it was filmed inside the spacex factory. maybe you know the one? i didnt know who sam was at the time. i remember being very, very put off by the way sam was behaving. he had this bizarre, almost unbelievable expression on his face, almost like he was pantomiming as a child looking up at his parents, adoring them. this weird, fake shy-smile. and i remember immediately having an intense disliking of him. this person seemed extremely fake, manipulative and narcissistic. it was such low-level behavior that i thought it must be some intern or someone way out of their depth. this interview is some kind of fluke. its so unbelievably insane to me that this person, who i disliked so much that i remembered him even without knowing his name or who he was, is now at the helm of one of the most important developments in human history. and the subject of todays headline is no surprise at all... i think everyone should think very carefully about the fact that sam altman will at some point, probably, be the very first person in the world to sit down in front of a console and hold the reigns directly and without supervision to a super-intelligent system that does not bear any of the regulatory or moral restrictions that would stop it from taking over the world. this evil narcissist, liar, money hungry, power grabbing A* hole will hold the most power that any human has ever held. do you really want that?

Re: OpenAI to become for-profit company

#710

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…

How is it possible to make tax free "donations" for profit making applications? You seem to imply there is nothing nefarious about the setup. Except the non-profit designation doesn't actually perform no social services, instead stand as a business structure to skirt taxation. Change my mind
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