Encode, California's co-sponsored nonprofit organization Bad luck SB 1047 The AI Safety Act has requested permission to file an amicus brief in support of Elon Musk. Prohibition To stop OpenAI's transition to a for-profit company.
in one Briefly presented. In the filing Friday afternoon in the Northern District Court of California, Encode's counsel said that turning OpenAI into a profit would undermine the company's mission “to develop and deploy transformative technology in a safe and beneficial way.” to the people.”
“OpenAI and its CEO Sam Altman claim to be developing technology that will transform society, and those claims should be taken seriously,” the brief read. “If the world is on the cusp of a new era Artificial General Intelligence (AGI)Therefore, there is a serious public interest in such technology being controlled by a legally designated public charity that prioritizes safety and the public good over an organization that provides financial returns to a few privileged investors.”
OpenAI was founded in 2015 as a non-profit research lab. But as its experiments became more capital intensive, was created. Its current structure is to acquire external investments from VCs and companies; including Microsoft.
Today, OpenAI has an integrated structure controlled by a non-profit group that shares “profits” with investors and employees. A car Blog post This morning, the company said it plans to begin transitioning its current profits to a Delaware Public Benefit Corporation (PBC) along with common stock and common shares. The OpenAI mission as public interest.
OpenAI's non-profit organization will continue to exist and control will be transferred in exchange for shares in PBC.
Musk, an early supporter of the original nonprofit, filed for an injunction in November to stop the proposed change. He accused OpenAI of abandoning its original philanthropic mission of making the fruits of its AI research available to everyone and defunding rivals — including its own AI startup, xAI.
There is OpenAI. called. Musk's complaints are “baseless” and plain sour grapes.
Facebook's parent company and AI competitor Meta is also supporting efforts to block OpenAI's conversion. Must submit in December. Sent. He sent a letter to California Attorney General Rob Bonta arguing that allowing the move would have “seismic implications for Silicon Valley.”
Lawyers for Encode also said that plans to transfer OpenAI's operations to the PBC would turn it into a “law-bound organization” to balance the public interest in ensuring the safety of advanced AI. (its) stockholders' interests.
For example, Although the brief notes Encode's advice, OpenAI's nonprofits have pledged to stop competing with any “value-adjusted, safety-conscious project” before building AGI. OpenAI will be there for profit. There is little incentive to do so. The board of non-profit OpenAI will no longer be able to liquidate investors' shares if necessary for safety once the company's restructuring is completed, the brief pointed out.
OpenAI is an ongoing experience. One outflow of Advanced Talent Partly because of concerns that the company is prioritizing commercial products at the expense of safety. Miles Brundage, a longtime policy researcher who left OpenAI in October, said: Posts in the series Concerned that OpenAI's non-profit in X would become a “side product” that licenses the PBC to operate as a “normal company” without addressing potential problem areas.
“OpenAI's fiduciary duty to humanity would evaporate, as Delaware law is clear that PBC's directors have no public duty at all,” Encode's brief continued. “A safety-focused, limited non-profit mission organization would relinquish control of the public interest to a for-profit business at any price to ensure safety.”
Founded in July 2020 by high school student Sneha Revanur, Encode describes itself as a network of volunteers focused on making sure the voices of the younger generation are heard in conversations about the impact of AI. The code supports many pieces of AI state and federal legislation in addition to SB 1047, including the White House. The AI Bill and President Joe Biden's Executive order on AI.
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