My worry is that even a half baked AI can produce useful wonders in many fields like healthcare, however useful amounts of data will now only be accessible and available to powerful players. Probably OpenAI did the bait and switch to get many competing sides on the same page.
I wish I could trust FB to deliver on their promises, but this community's only hope is to ensure an open source version of gpt exists.
edit: To the best of my knowledge, banks seem to shy away from those tools so far, but I am sure there are analysts out there just waiting for an ok.
In theory non profits are subject to oversight by the state of incorporation’s attorney general. In practice it’s mostly a free for all.
https://www.irs.gov/charities-non-profits/charitable-organiz...
OpenAI is still a nonprofit. Their Financials are public. A lot of folks use "profit" in a hand-wavey sense to describe something they don't like, like an organization sitting on cash or paying key employees more than they expect. The organization may not be doing what donors thought it would with their money, but that doesn't necessarily mean cash retained is profit.
Recent filings show the organization has substantially cut its compensation for key employees year after year. It's sitting on quite a bit of cash, but I think that is expected given the scope of their work.
That said, their Financials from 2019 look a little weird. They reported considerable negative expenses, including negative salaries (what did they do, a bunch of clawbacks?), and had no fundraising expenses.
https://projects.propublica.org/nonprofits/organizations/810...
This is the worrisome part of it all. It's no longer programmer sweat and toil that creates the value, but raw compute, which has a fixed capital cost that cannot be surmounted by skill or dedication. I don't see how, short of massive crowdfunding, open source can possibly release a state of the art LLM.
But OpenAI isn’t a nonprofit. It all depends on what do you mean by OpenAI - and what you call OpenAI is not what they call OpenAI.
https://openai.com/blog/openai-lp
> Going forward (in this post and elsewhere), “OpenAI” refers to OpenAI LP (which now employs most of our staff), and the original entity is referred to as “OpenAI Nonprofit.”
I think it's all quite shady, but it seems like the parent company, which in theory holds 51% of the "profit-capped" company, is still a non-profit.
I wish someone, ideally from OpenAI, would clarify the situation.