zlacker

>>medler+(OP)
It's insane to me how easily Sam's side can spin the board firing him for violating the company's Charter and then not backtracking at all as "Within 24 hours the board has come crawling back, I- er Sam Altman might deign to return if they grovel hard enough and I'm given complete control."

This is really, really clearly incestuous tech media stuff as part of a pressure campaign. Sam is the darlin of tech media and he's clearly instigated this reporting because they're reporting his thoughts and not the Board's in an article that purports to know what the Board is thinking, the investors who aren't happy (the point of a non-profit is that they are allowed to make investors unhappy in pursuit of the greater mission!) have an obvious incentive to join him in this pressure campaign, and then all he needs for "journalism" is one senior employee who's willing to leave for Sam to instead say to the Verge that the Board is reconsidering. Boom, massive pressure campaign and perception of the Board flip flopping without them doing any such thing. If they had done any such thing and there was proof of that, the Verge could have quoted the thoughts of anyone on the Board, stated it had reviewed communications and verified they were genuine, etc.

>>lucubr+Lk
the point of a non-profit is that they are allowed to make investors unhappy in pursuit of the greater mission

A non-profit isn’t supposed to have investors. This structure should never have been allowed in the first place (nor IKEA.)

>>bradle+lq
Which is why investors that signed on got a giant warning saying that the Board could choose to be unprofitable if they wanted and that the mission came first, so they should view their investment as a donation.

>>lucubr+Yq
A giant warning doesn’t make it better. Non profit or for profit—-pick one and stick to it.

>>bradle+qr
The distinction between the two is whether an organization returns funds to investors. OpenAI, Inc. does not. OpenAI Global LLC does, one of those investors being OpenAI, Inc. (well, indirectly, there's another holding company in between.)

>>dragon+Rs
These details are totally irrelevant to the argument and are part of the chart that’s floating around everywhere.

Of course it’s legal, the comment was that it shouldn’t be.