>>skille+(OP)
At this point, I think it’s absolutely clear no one has any idea what happened. Every speculation, no matter how sophisticated, has been wrong.
It’s time to take a breath, step back, and wait until someone from OpenAI says something substantial.
>>fny+75
3 board members (joined by Ilya Sutskever, who is publicly defecting now) found themselves in a position to take over what used to be a 9-member board, and took full control of OpenAI and the subsidiary previously worth $90 billion.
Speculation is just on motivation, the facts are easy to establish.
>>august+Vt
It begs the question: why was OpenAI structured this way? For what purposes besides potentially defrauding investors and the government exist for wrapping a for-profit business in a nonprofit? From a governance standpoint it makes no sense, because a nonprofit board doesn't have the same legal obligations to represent shareholders that a for-profit business does. And why did so many investors choose to seed a business that was playing such a cooky shell game?