The real news here is two-fold: new governance/recap of the for-profit, and operational shrink at the 501c3.
As people here intuit, I think this makes the PBC the ‘head’ functionally.
That said, I would guess that the charity will be one of the wealthiest charities in the world in short order. I am certain that the strong recommendation from advisory is to have separate, independent boards. Especially with their public feud rolling and their feud-ee on the ascendant politically, they will need a very belt-and-suspenders approach. Imagining an independent board at the charity in exchange for a well funded pbc doesn’t seem like the worst of all worlds.
As a reminder, being granted 501c3 status is a privilege in the US, maintaining that status takes active work. The punishment: removal of nonprofit status. I think if they wanted to ditch the mission they could, albeit maybe not without giving Elon some stock. Upshot: something like this was inevitable, I think.
Anyway, I don’t hate it like the other commenters here do. Maybe we would prefer OpenAI get truly open, but then what? If Sam wanted he could open source everything, resign because the 501c3 can’t raise the money for the next step, and start a newco; that company would have many fewer restrictions. he is not doing that. I’m curious where we get in the next few years,
As people here intuit, I think this makes the PBC the ‘head’ functionally.
That said, I would guess that the charity will be one of the wealthiest charities in the world in short order. I am certain that the strong recommendation from advisory is to have separate, independent boards. Especially with their public feud rolling and their feud-ee on the ascendant politically, they will need a very belt-and-suspenders approach. Imagining an independent board at the charity in exchange for a well funded pbc doesn’t seem like the worst of all worlds.
As a reminder, being granted 501c3 status is a privilege in the US, maintaining that status takes active work. The punishment: removal of nonprofit status. I think if they wanted to ditch the mission they could, albeit maybe not without giving Elon some stock. Upshot: something like this was inevitable, I think.
Anyway, I don’t hate it like the other commenters here do. Maybe we would prefer OpenAI get truly open, but then what? If Sam wanted he could open source everything, resign because the 501c3 can’t raise the money for the next step, and start a newco; that company would have many fewer restrictions. he is not doing that. I’m curious where we get in the next few years,