Re:Musk sues Altman seeking a return to open source and non-...
by viscanti on Friday March 01, 2024 @12:47PM
(#39564425)
They didn't actually fire the board of the non-profit. They just said they'd all quit in protest because of an action of the board they all felt was egregious. The board could have stayed and been a non-profit that did nothing ever again. They decided it was better to step down.
Re:Musk sues Altman seeking a return to open source and non-...
by cma on Friday March 01, 2024 @01:18PM
(#39564840)
I believe they have said they decided it was better to step down because of being threatened with suits.
Re:Musk sues Altman seeking a return to open source and non-...
by Aloisius on Friday March 01, 2024 @02:28PM
(#39565776)
I believe it was Helen Toner who claimed an OpenAI lawyer said they were at risk of breaching fiduciary duty if the company fell apart because of the ouster.
Re:Musk sues Altman seeking a return to open source and non-...
by emodendroket on Friday March 01, 2024 @12:24PM
(#39564109)
I don't think that's very likely at all! But I suppose we'll see.
For a good point of comparison, until 2015, when public scrutiny led them to decide to change it, the NFL operated as a nonprofit, with the teams operating as for-profits. Other sports leagues continue to have that structure.
It's highly likely in my uneducated opinion that OpenAI will be told to adopt a standard corporate structure in the near term. They will likely have to pay out a number of stakeholders as part of a "make right" setup.