zlacker

>>modele+(OP)
Allowing startups to begin as non-profits for tax benefits, only to 'flip' into profit-seeking ventures is a moral hazard, IMO. It risks damaging public trust in the non-profit sector as a whole. This lawsuit is important

>>therei+4H
I completely agree. AGI is an existential threat, but the real meat of this lawsuit is ensuring that you can't let founders have their cake and eat it like this. what's the point of a non-profit if they can simply pivot to making profit the second they have something of value? the answer is that there is none, besides dishonesty.

it's quite sad that the American regulatory system is in such disrepair that we could even get to this point. that it's not the government pulling OpenAI up on this bare-faced deception, it's a morally-questionable billionaire

>>permo-+IQ
The key thing is that the original OAI has no investors and they are not returning profits to people who put in a capital stake.

It is totally fine and common for non profits to sell things and reinvest as capital.