News for hackers. Stuff that matters.
Re:OpenAI staff threaten to quit unless board resigns by evantbyrne on Monday November 20, 2023 @11:40AM (#38350233)
It begs the question: why was OpenAI structured this way? For what purposes besides potentially defrauding investors and the government exist for wrapping a for-profit business in a nonprofit? From a governance standpoint it makes no sense, because a nonprofit board doesn't have the same legal obligations to represent shareholders that a for-profit business does. And why did so many investors choose to seed a business that was playing such a cooky shell game?
Re:OpenAI staff threaten to quit unless board resigns by augustulus on Monday November 20, 2023 @04:31PM (#38355120)
the impression I got was that they started out with honest intentions and they were more or less infiltrated by Microsoft. this recent news fits that narrative