Kind of sounds like ultimately it would have been very illegal to do.
“We made the decision for the nonprofit to retain control of OpenAI after hearing from civic leaders and engaging in constructive dialogue with the offices of the Attorney General of Delaware and the Attorney General of California,” OpenAI board chairman Bret Taylor said in a statement.
Asked about Musk’s suit on a call with reporters, Altman said, “You all are obsessed with Elon, that’s your job — like, more power to you. But we are here to think about our mission and figure out how to enable that. And that mission has not changed.”
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You all are obsessed with Elon, that’s your job — like, more power to you
Not at all passive aggressive or insincere there.
This kills the OpenAI doesn’t it? Im out at town at the moment so i cant easily check, I seem to recall that a large part of their existing investment rounds convert to debt if they can’t reorganize.
(caveats: ianal, and not familiar enough with US corp law)
took a brief look at this last night and no, don’t think it entirely kills it. they’re changing two notable things: one is converting from whatever they are into a Public Benefit Corp, and the second is turning their weirdo ownership thing into actual stock
while those AG paragraphs do indeed indicate that they got told to get fucked, perverse incentives still apply and saltman still needs to try find a way out of the squeeze they’re in. don’t think they’d be doing either of those changes if they didn’t see a possible path to exploiting it
It’s ok, I’m sure their burn rate isn’t catastrophic, they’ll be fine.
