OpenAI’s history as a nonprofit research institute that also sells commercial products like ChatGPT may be coming to an end as the San Francisco company looks to more fully convert itself into a for-profit corporation accountable to shareholders.

OpenAI’s history as a nonprofit research institute that also sells commercial products like ChatGPT may be coming to an end as the San Francisco company looks to more fully convert itself into a for-profit corporation accountable to shareholders.

The company’s board is considering a decision that would change the company into a public benefit corporation, according to a source familiar with the discussions who wasn’t authorized to speak publicly about them.

While OpenAI already has a for-profit division, where most of its staff works, it is controlled by a nonprofit board of directors whose mission is to help humanity. That would change if the company converts the core of its structure to a public benefit corporation, which is a type of corporate entity that is supposed to help society as well as turn a profit.

  • monotremata@lemmy.caEnglish
    18·
    20 hours ago

    Capitalism is already a superintelligence, and its goals are misaligned with those of humanity.

      • CondensedPossum@lemmy.world
        1·
        15 hours ago

        Corporations are driven by people — they aren’t completely autonomous agents. Yet if you shot the CEO of Exxon or any of the others, what effect would it have? Another person of much the same ilk would swiftly move into place, much as stepping on a few ants hardly effects an anthill at all.

        I’ve never understood why people feel compelled to share this take.

        Edit, clarity: The quoted common rhetorical statement, not the overall essay’s conclusions about AI.

  • BertramDitore@lemm.eeEnglish
    110·
    1 day ago

    This was so predictable. It seems they only care about profits now, and also positioning themselves to be a monopoly, so they really haven’t been compatible with the non-profit model for a while. Especially since they just raised more than $6 billion.

    It’s truly amazing to me that a “non-profit” that has disingenuously represented itself from day one, and is based almost entirely on the theft of intellectual property that would get normal individuals prosecuted out the ass, can continue to rake in absurd amounts of cash. I really dislike this company.

      • BertramDitore@lemm.eeEnglish
        1·
        2 hours ago

        I would tend to agree. I feel the same way about Amazon Logistics. The whole packaging and delivery side of Amazon should be brought under the USPS so every driver gets a fair wage and job protections. USPS already delivers so much of their stuff anyway, and Amazon shouldn’t be in control of the marketplace and the whole shipping process and infrastructure.

        OpenAI is relying on all of human knowledge to build their product, regardless of whether or not it falls under copyright protection, so while the government doesn’t need more power, it’s still probably the best positioned to regulate this stuff, and that’d be much easier if they had direct control.

      • xmunk@sh.itjust.works
        1·
        14 hours ago

        Yea his “funny story” about carrying around a briefcase to explode his data center is just an asshat wanting to play James Bond.

  • enkers@sh.itjust.works
    18·
    23 hours ago

    Shocking. Absolutely shocking, I say. It’s almost like we’ve seen this exact pattern a hundred times before.

  • orcrist@lemm.ee
    7·
    20 hours ago

    Well yeah. They’re selling snake oil, and they better get as much money as they can now. That cash is going to dry up in a couple of years, and then where will they be. They’ll have to do real work again.

  • stoly@lemmy.world
    9·
    23 hours ago

    I was looking for a job in the San Fran area by keyword for a product I am a near expert on. I happened to find a listing for a position that I was qualified for at OpenAI. The post was truly creepy and had a weird fascist smear all over it where they were writing in all caps, multiple times that there would be no work from home or even hybrid work. It was unnecessary and very strange. I ran away and never looked back. Nothing of this surprises me.

  • Beemo Dachboden@feddit.orgDeutsch
    18·
    1 day ago

    How can it be a thing to just make a non profit organization into a for profit organization?

    I thought non profits have benefits when it comes to taxation and regulations.
    Why can it be allowed that the new for profit organization can just reap the rewards from those benefits that it used to grow into what it is now?

    That seems to me like it should be plainly illegal.