Question: what does this mean for trust in any non profit structure if it’s this easy to convert? Why would investors put money in something they will get no returns on, but that the operators can at anytime turn into profits for themselves?
Question: what does this mean for trust in any non profit structure if it’s this easy to convert? Why would investors put money in something they will get no returns on, but that the operators can at anytime turn into profits for themselves?
The new nonprofit is getting $130B of OpenAI stock, which is 1000x more than the donations OpenAI received as a nonprofit. IMO the nonprofit donors have a valid complaint that OpenAI is changing the deal anyway, but the numbers seem worth noting.