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?
OpenAI to become for-profit company
701–710 of 809 posts
Re: OpenAI to become for-profit company
#702Earlier 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.
Re: OpenAI to become for-profit company
#703And 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.
Re: OpenAI to become for-profit company
#704Earlier 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.
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
#705Re: OpenAI to become for-profit company
#706We 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?
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
#707So 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
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
#708It'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…
Re: OpenAI to become for-profit company
#709Re: OpenAI to become for-profit company
#710I’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…