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A comment on OpenAI board reappoints Altman and adds three other directors. Parent comment

Re:OpenAI board reappoints Altman and adds three other direc... by mustache_kimono on Friday March 08, 2024 @11:47PM (#39649445)
> Certainly, no one with any sense will be “donating” any money in OpenAI without some strong and specific guarantees of what they’re going to be getting in return.

And what about the taxpayer? What are these guys/gals fighting over if it isn't future profits?

Has anyone else read the reporting on the non-profit's corp structure?

> OpenAI also created a subsidiary of For-Profit-LP, OpenAI LLC (let’s call that “For-Profit-LLC”), of which Microsoft is a minority owner and For-Profit-LP is the majority owner. For-Profit-LLC’s operating agreement cautions that “it would be wise to view an investment in [For-Profit-LLC] in the spirit of a donation, with the understanding that it may be difficult to know what role money will play in a post-AGI [artificial general intelligence] world.”[0]

I really have no idea why companies like Microsoft are putting so much money into a for profit entity, and calling it like a donation. Am I just skeptical or is everyone winking at each other, and acting too cute by half?

[0]: https://clsbluesky.law.columbia.edu/2024/03/05/the-untold-no...

[ Parent | on HN ]
Re:OpenAI board reappoints Altman and adds three other direc... by mr_toad on Saturday March 09, 2024 @12:12AM (#39649546)
Microsoft at least got licenses to a bunch of tech in return for their “donations”.
[ Parent | on HN ]
Re:OpenAI board reappoints Altman and adds three other direc... by Jensson on Saturday March 09, 2024 @08:22AM (#39651438)
> I really have no idea why companies like Microsoft are putting so much money into a for profit entity, and calling it like a donation. Am I just skeptical or is everyone winking at each other, and acting too cute by half?

All those "donators" went up in arms and threatened to sue/quit when they thought that those "donations" wouldn't return profits. It is a for-profit in all but name today.

[ Parent | on HN ]