zlacker

>>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.

>>tyrfin+Ye
tangentially, it’s an absolute disgrace that non-profits are allowed to have for-profit divisions in the first place

>>august+Vt
This was actually a pretty recent change from 2018. iirc it was actually Newman's Own that set the precedent for this:

https://nonprofitquarterly.org/newmans-philanthropic-excepti...

> Introduced in June of 2017, the act amends the Revenue Code to allow private foundations to take complete ownership of a for-profit corporation under certain circumstances:

    The business must be owned by the private foundation through 100 percent ownership of the voting stock.
    The business must be managed independently, meaning its board cannot be controlled by family members of the foundation’s founder or substantial donors to the foundation.
    All profits of the business must be distributed to the foundation.

>>culi+dv
The LDS church has owned for-profit entities for decades. Check out the "City Creek Center.