zlacker

>>staran+(OP)
If OpenAI remains a 501(c)(3) charity, then any employee of Microsoft on the board will have a fiduciary duty to advance the mission of the charity, rather than the business needs of Microsoft. There are obvious conflicts of interest here. I don't expect the IRS to be a fan of this arrangement.

>>garris+EJ
My guess is that the non-profit has never gotten this kind of scrutiny now and the new directors are going to want to get lawyers involved to cover their asses. Just imagine their positions when Sam Altman really does something worth firing.

I think it was a real mistake to create OpenAI as a public charity and I would be hesitant to step into that mess. Imagine the fun when it tips into a private foundation status.

>>baking+G91
Perhaps creating OpenAI as a charity is what has allowed it to become what it is, whereas other for-profit competitors are worth much less. How else do you get a guy like Elon Musk to 'donate' $100 million to your company?

Lots of ventures cut corners early on that they eventually had to pay for, but cutting the corners was crucial to their initial success and growth

>>purple+nG1
Elon only gave $40 million, but since he was the primary donor I suspect he was the one who was pushing for the "public charity" designation. He and Sam were co-founders. Maybe it was Sam who asked Elon for the money, but there wasn't anyone else involved.