What you need to know about OpenAI According to OpenAI, its sole goal is to solve problems. He calls it “the most important challenge of our time” for the benefit of humanity and the entire planet.
Such organizations will continue to be so. announce On Friday, though, the company restructured itself from a company controlled by a not-for-profit entity. Going to be a standalone company who happened to pour a lot of money into affiliated non-profits
How does this reorganization help OpenAI fulfill its mission of benefiting all humans and non-humans? It's simple: “OpenAI's current structure does not allow the board to directly consider the interests of those who will support its mission.” Under the new structure OpenAI's leadership will be able to raise more money. And pay attention to the needs of the billionaires and trillion-dollar tech companies that ultimately invest in this structure. Well, everyone benefits.
Not mentioned in the press release is the fact that last year the non-profit board that oversees OpenAI unsuccessfully tried to get CEO Sam Altman started. “Clearly lying.” The format, according to former board member Helen Toner, makes it difficult for the board to ensure that “The company's public interest mission is our first priority. which is above profit Investor Benefits and other things”
With its new structure, OpenAI wants to retain at least its altruistic façade. The for-profit company will be incorporated as a Delaware Public Benefit Corporation, which means the board can consider how the company's actions affect stakeholders such as employees and customers. In addition to the assigned responsibilities to shareholders (Corporate law experts have point out Normal organizations are also completely free to do this.)
Other Delaware Public Interest Corporations Publicly traded universities include Laureate Education, which operates a number of for-profit universities around the world. Including the accused university. many times of misleading students about the cost of their degree program (Walden University pre-university sales award winner Settlement (A class-action lawsuit filed earlier this year for $28.5 million) Another is Lemonade Inc., an insurance company. Once advertisedAnd it quickly apologized for its AI feature that it claims can detect fraudulent customers by analyzing their faces.
All mixed together. Powerful accelerator Surviving OpenAI's announcement is a clear message that the new company plans to raise a lot more money to move towards artificial general intelligence (AGI), according to a report from informationOpenAI and Microsoft have identified AGI as a system that could generate at least $100 billion in profits. You know, the hallmark of intelligence.
What will happen to the non-profit organization that currently oversees the company is unclear. Even if it doesn't cost you any money. It was not a traditional non-profit organization to begin with. It quickly raised $137 million in cash donations from Elon Musk and other tech moguls, in addition to more than $100 million in free computing from Google, Microsoft and others to build generative AI systems that benefit corporations. Seek profit
After the organizational change is completed The nonprofit will not have any governance responsibilities at OpenAI, but will receive equity in the new for-profit company and be “one of the best-resourced nonprofits in history,” according to the OpenAI release. . This will allow you to “Carry out philanthropic initiatives in sectors such as healthcare, education and science.”
Don't say anything else. Soon we will all begin to benefit from this charity.