Does anyone really believe this is more than performative? Increasingly the most likely outcome of such scrutiny is… nothing. He hasn’t stolen enough from the rich to earn any sort of punishment, and he’s not doing anything too different from the Congress critters that are “investigating” him.
Some of those funds are redirected to for profit ventures.
Critically, the GM (Altman) of the nonprofit owns shares of the for-profit ventures, that OpenAI funds were redirected into.
A regular company could and does invest in any company even when there's a conflict, as long as the conflict is disclosed and the Board votes in favor of it. There's no criminal element there.
The problem is introduced in Altman's case if
(a) there was no disclosure (red flag) and/or
(b) nonprofit that received the funds, is putting money into things not aligned with the 501(c)(3) mission.
I'm not sure if either (a) or (b) are criminal, but they don't pass the smell test, which is why Altman is being sued in civil court, unrelated to the congressional investigation talked about in the article
The notion that this GOP Oversight Committee sincerely cares about corruption is obviously laughable, so I can only assume this is all being done at Elon's behest.
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But the fact that OpenAI was a nonprofit and then suddenly became a for-profit is definitely something that does not feel right. I am 100% sure that it is all legal and such, but we have this mental model that “nonprofits are the good guys, run by people who just want to help humanity and nothing else.”
Timing's also worth nothing. the investments piece has been reported on for over a year. It becomes a probe right before liquidity, which makes both sides look opportunistic rather than principled.
How can anyone take the GOP seriously when they constantly back one of the biggest frauds of the American people who is also a pedophile rapist? Perhaps Sam should embrace that sexual assault allegation from his sister. That seems to be the type of person the GOP supports.
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[ 3.9 ms ] story [ 49.7 ms ] thread[1]: https://finance.yahoo.com/news/openai-exec-becomes-top-trump...
Sounds a bit like Wework.
OpenAI receives funds as a non-profit.
Some of those funds are redirected to for profit ventures.
Critically, the GM (Altman) of the nonprofit owns shares of the for-profit ventures, that OpenAI funds were redirected into.
A regular company could and does invest in any company even when there's a conflict, as long as the conflict is disclosed and the Board votes in favor of it. There's no criminal element there.
The problem is introduced in Altman's case if
(a) there was no disclosure (red flag) and/or
(b) nonprofit that received the funds, is putting money into things not aligned with the 501(c)(3) mission.
I'm not sure if either (a) or (b) are criminal, but they don't pass the smell test, which is why Altman is being sued in civil court, unrelated to the congressional investigation talked about in the article
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There are various possible explanations for this:
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In the words of Hitchens, "Do not imagine that you can escape judgment if you rob people with a false prospectus rather than with a knife."
But the fact that OpenAI was a nonprofit and then suddenly became a for-profit is definitely something that does not feel right. I am 100% sure that it is all legal and such, but we have this mental model that “nonprofits are the good guys, run by people who just want to help humanity and nothing else.”
But that is not true, and probably never was.
Is this even a thing anymore?
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Something like
or orSam forgot his golden statue?