alt Hacker NewsSee: https://www.axios.com/2023/11/18/how-openai-board-is-structu... for the OpenAI Structure.
1) In order to fund research - this stuff costs 10s of billions of dollars - everyone, from Ilya, to Elon, to Sam - all agreed that they would require a profit-arm to raise money. Nobody was going to sponsor that 10s of billions of dollars to a non-profit.
2) The non profit is still there - and controls the commercial element.
Replies
JumpCrisscross • yesterday at 11:00 PM
> non profit is still there - and controls the commercial element
The non-profit hasn't controlled squat since they tried and failed to fire Sam Altman.
argee • yesterday at 10:31 PM
> Nobody was going to sponsor that 10s of billions of dollars to a non-profit
How much has MacKenzie Scott donated to non-profits again?
Seems like such a claim is on thin ice.
“Controls”
That will be especially untrue after IPO when shareholders can claim there are fiduciary responsibilities that conflict with the non profit goals.