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1. TearsI+(OP)[view] [source] 2023-11-20 13:24:30
Are there special circumstances with the openAI board? For a normal company the board is supposed to represent the interests of investors. If investors ask for him back the board should comply. Who's interests are the OpenAI board representing?
replies(1): >>upward+52
2. upward+52[view] [source] 2023-11-20 13:33:12
>>TearsI+(OP)
> Are there special circumstances with the openAI board?

Yes, see below.

> Whose interests are the OpenAI board representing?

OpenAI has a weird charter which mandates the board to uphold a fiduciary duty not to the shareholders but rather to being "broadly beneficial". This is very uncommon. It means that the board is fiscally required to uphold safety above all else; if they don't, the board members could get sued. The most likely person to fund such a lawsuit would be Elon, who donated a lot of money to the non-profit side of OpenAI.

Here's the OpenAI page which explains this unique charter: https://openai.com/our-structure Excerpt: “each director must perform their fiduciary duties in furtherance of its mission—safe AGI that is broadly beneficial”

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