OpenAI Reverses Course, Says Its Nonprofit Will Remain in Control of Its Business Operations (techcrunch.com) 11
OpenAI has decided that its nonprofit division will retain control over its for-profit organization, after the company initially announced that it planned to convert to a for-profit organization. From a report: According to the company, OpenAI's business wing, which has been under the nonprofit since 2019, will transition to a public benefit corporation (PBC). The nonprofit will control and also be a large shareholder of the PBC. "OpenAI was founded as a nonprofit, and is today overseen and controlled by that nonprofit," OpenAI Board Chairman Bret Taylor wrote in a statement on the company's blog. "Going forward, it will continue to be overseen and controlled by that nonprofit."
OpenAI says that it made the decision "after hearing from civic leaders and engaging in constructive dialogue with the offices of the Attorney General of Delaware and the Attorney General of California." "We thank both offices and we look forward to continuing these important conversations to make sure OpenAI can continue to effectively pursue its mission," Taylor continued.
OpenAI says that it made the decision "after hearing from civic leaders and engaging in constructive dialogue with the offices of the Attorney General of Delaware and the Attorney General of California." "We thank both offices and we look forward to continuing these important conversations to make sure OpenAI can continue to effectively pursue its mission," Taylor continued.
Okay, and now the "Open" bit (Score:2)
Re: (Score:3)
No, she's using the government to help her take control of openAI. She is incapable of knowing what an "utter shithead" even is.
Hoping more non-profits avoid self-dealing... (Score:2)
As I suggested in 2001: https://pdfernhout.net/open-le... [pdfernhout.net]
"Foundations, other grantmaking agencies handling public tax-exempt dollars, and charitable donors need to consider the implications for their grantmaking or donation policies if they use a now obsolete charitable model of subsidizing proprietary publishing and proprietary research. In order to improve the effectiveness and collaborativeness of the non-profit sector overall, it is suggested these grantmaking organizations and donors move to requiring
Re: (Score:2)
I really appreciate your post and stand with what you are saying. I volunteer with a local environmental nonprofit and they created a design for a trash catcher called the Trash Trout that floats on top of the water that can be installed on the streams and creeks that feed major rivers to trap the trash upstream of the major river. There was some push-back about releasing the design publicly and foregoing any licensing fees but ultimately they told the naysayers to pound sand and published a design PDF on
Thanks for the Trash Trout success story (Score:2)
Trash Trout looks so cool! From the brochure: "Utilizing the flow of the waterway, flotation and a mesh gate, we're able to seize floating garbage and contain it until it's ready to be cleaned out. The device doesn't contain a top or bottom to allow creatures to pass through without harm. The 3/4 openings in the mesh gate keep smaller benthic critters from becoming entangled in the trash."
Thanks for sharing your inspiring success story!
Re: (Score:3)
"Open" in the context of OpenAI just means they are "open" to people using their system.
Re: (Score:2)
If you look at founders of Microsoft, Google, Meta who have deliberately stepped back from total control of their companies through restructurings, it has coincided with periods when said companies started doing legally dangerous and monopolistic practices. No founder wants to give up their baby, but they do like to reduce their exposure when their personal risk increases. In the above cases, the lawsuits came about a few years later.
OpenAI is probably
Helping or deterring Elon from taking control (Score:2)
I feel like this move is either helping or deterring Elon from taking control. Choose your own adventure.
There's a tax story in here somewhere (Score:1)
eet fokkkkkkk (Score:1)
Holy shit, they got *told*. Fucking good. We don't need another google shitting up the barely usable internet we have after they destroyed everything that was good about the idea in the first place...
Tax shell(ter) game. (Score:2)
No, it is not. This is just legal shenanigans to shield themselves from the future atrocities of AI. Oh, and taxes.