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[return to "We have reached an agreement in principle for Sam to return to OpenAI as CEO"]
1. garris+EJ[view] [source] 2023-11-22 11:59:46
>>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.
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2. baking+G91[view] [source] 2023-11-22 14:31:44
>>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.

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3. Turing+lN1[view] [source] 2023-11-22 17:26:56
>>baking+G91
> I think it was a real mistake to create OpenAI as a public charity and I would be hesitant to step into that mess.

I think it could have worked either as a non-profit or as a for-profit. It's this weird jackass hybrid thing that's produced most of the conflict, or so it seems to me. Neither fish nor fowl, as the saying goes.

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