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
I don't get the drama with "conflict of interests"... Aren't board members generally (always?) in representation of major shareholders? Isn't it obvious that shareholders have interests that are likely to be in conflict with each other or even the own organization? Thats why board members are supposed to check each other, right?

>>627467+V43
OpenAI is a non profit and the board members are not allowed to own shares in the for profit.

That means the remaining conflicts are when the board has to make a decisions between growing the profit or furthering the mission statement. I wouldn't trust the new board appointed by investors to ever make the correct decision in these cases, and they already kicked out the "academic" board members with the power to stop them.