[Grae]

This line is really interesting:

> The best interests of the company and the mission always come first.

That is absolutely not true for the nonprofit inc. The mission comes first. Full stop. The company (LLC) is a means to that end.

Very interested to see how this governance situation continues to change.

[jprete]

There's absolutely no sense in talking about OpenAI as a nonprofit at this point. The new board and Altman talk about the governance structure changing, and I strongly believe they will maximize their ability to run it as a for-profit company. 100x profit cap is a very large number on an $80 billion valuation.

[didibus]

Ya, it's a joke at this point. Better they just kill the non-profit and stop pretending.

[krick]

Surely they don't do it without a reason. And I don't know what the reason is, but I must assume it's some financial benefit (read, tax evasion), and not our opinion.

[bmitc]

Why doesn't the government do it for them, fining them along the way?

[sanderjd]

I have no idea how it will all play out, but I will be shocked if there is no government investigation coming out of all this.

[bmitc]

Yea, it seems really weird that he and others can just form a non-profit and then later have it own a for-profit with the full intention of turning everything into a for-profit enterprise. Seems like tax evasion and a few other violations of what a non-profit is supposed to be.

[sanderjd]

Yep, if this is an acceptable fact pattern, it seems to create a bunch of loopholes in the legal treatment of non-profits vs for-profits. I think the simpler conclusion is that it actually isn't an acceptable fact pattern, and we'll be seeing fines or other legal action.

[crazydoggers]

But then they’d have to pay taxes, and all those corporations don’t get the juicy tax detections for “donating” to AI tech that will massively increase their profits.

[simbolit]

Change the name while you are at it; the company is not any more "open" than the next shop.

[sanderjd]

Indeed, I think it's the least open of them all?

[jacquesm]

There never was. But they successfully planted the seeds to make people think it is that way.

[93po]

100x is basically just a “they won’t literally take over the economy of the entire planet”