[valec]

to fund it? there are plenty of non-profits with for-profit wings. ACS and CAS for example

[GreenWatermelon]

This is currently the case. My takeaway is that Altman and Co want take OpenAI (the profit company) away from the nonprofit entity.

According to the article:

> the company is considering changing its governance structure to a for-profit business that the firm's nonprofit board doesn't control

[seltzered_]

Aaron has some biases but could be worth watching his reality check report from december 2023 "OpenAI, Inc. Video Reality Check: Decoding Non-Profit Tax Returns and Business Structure": https://youtu.be/PdQxPQf_1EQ

...and reading his perspective from November 2023 ( http://www.aarongreenspan.com/writing/20231122/openai-gets-p... ):

"They are smart people. About that I have no doubt. But I’ve seen how they treat rules. I know what they think of ethics.

Good idea?

Enter Larry Summers, who was just added to OpenAI’s Board of Directors—now that all the women are gone—to be Sam’s babysitter, so far as I can tell. Why? Because with Sam at the helm, OpenAI clearly violated its non-profit charter, repeatedly. The company is likely looking at an impending investigation by the California Attorney General, which has authority over tax-exempt organizations in the state, and perhaps an uncomfortable audit by the Internal Revenue Service as well. By having Larry on the Board, the company can plead that there’s now an “adult” in the house"