zlacker

[return to "Elon Musk sues Sam Altman, Greg Brockman, and OpenAI [pdf]"]
1. epista+LW[view] [source] 2024-03-01 16:48:03
>>modele+(OP)
The defendant list is a bit bewildering. How usual is a corporate structure like this? Which, if any of these, is the nonprofit?

  OPENAI, INC., a corporation, 
  OPENAI, L.P., a limited partnership, 
  OPENAI, L.L.C., a limited liability company, 
  OPENAI GP, L.L.C., a limited liability company, 
  OPENAI OPCO, LLC, a limited liability company, 
  OPENAI GLOBAL, LLC, a limited liability company, 
  OAI CORPORATION, LLC, a limited liability company, 
  OPENAI HOLDINGS, LLC, a limited liability company,
◧◩
2. zitter+vX[view] [source] 2024-03-01 16:51:51
>>epista+LW
The organization consists of the non-profit OpenAI, Inc. registered in Delaware and its for-profit subsidiary OpenAI Global, LLC. (From Wikipedia)
◧◩◪
3. debacl+4Y[view] [source] 2024-03-01 16:53:44
>>zitter+vX
A non-profit can have a for-profit subsidiary?
◧◩◪◨
4. biccbo+961[view] [source] 2024-03-01 17:29:18
>>debacl+4Y
why doesn't everyone do this? take all that sweet investor money without having to give anything then have a for profit subsidiary....
◧◩◪◨⬒
5. deaddo+OJ1[view] [source] 2024-03-01 20:51:17
>>biccbo+961
Because most corporate investments aren't managed by complete morons.

This works when there's an obvious non-profit that has a monetizable product. The latter conflicts with the former, so it requires a disconnect. Meanwhile, if Apple tried to do the same, investors would look at that as obviously shady. In addition, non-profits are more heavily restricted by the government.

Lastly, you can't just "take the money" and "do what you want"; fraud, malfeasance, fiduciary responsibility (in the corporate entity), etc still exist. It's not some magic get out of jail free card.

[go to top]