7 ms·

>we are all going to work together some way or other, and i’m so excited. I think this means Sam is pushing for OpenAI to be acquired by Microsoft officially n

by orik 3y ago

>we are all going to work together some way or other, and i’m so excited. I think this means Sam is pushing for OpenAI to be acquired by Microsoft officially now, instead of just unofficially poaching everyone.

shmatt 3y ago
This makes the most sense, people would actually get paid for their PIU's. Im confident otherwise they are going to cry looking at what a level 63 data scientist makes at MS
SilverBirch 3y ago
Is it even possible for that to happen? The entity that governs OpenAI is a registered charity with a well defined purpose, it would seem odd for it to be able to just say "Actually, screw our mission let's just sell everything valuable to this for-profit company". A big part of being a 501(c)(3) is being tax exempt, difficult to see the IRS being ok with this. Even if they were the anti-trust implications are huge, difficult to see MS getting this closed without significant risk of anti-trust enforcement.
- narinxas 3y ago
  they already signed it over when their for-profit subsidiary made a deal with Microsoft
  - cma 3y ago
    supposedly capped-profit, though if a non-profit can create a for-profit or a capped-profit, I don't see why it couldn't convert a capped-profit to fully for-profit.
  - deleted 3y ago
    [deleted]
- dragonwriter 3y ago
  Yes, a charity can sell assets to a for-profit business. (Now, if there is self-dealing or something that amounts to gifting to a for-profit, that raises potential issues, as might a sale that cannot be rationalized as consistent with being the board's good faith pursuit of the mission of the charity.)
- rvba 3y ago
  They can sell OpenAI to microsoft for 20 billion, fill the board with spouses and grandparents, then use 10 billion for salaries, 9 for acquisitions and 1 for building OpenAi2. Mozilla wastes money on investments while ignoring firefox and nobody did anything to the board. Oh and those 3 can vote that Ilya out too.

by orik 3y ago

shmatt 3y ago

This makes the most sense, people would actually get paid for their PIU's. Im confident otherwise they are going to cry looking at what a level 63 data scientist makes at MS

SilverBirch 3y ago

Is it even possible for that to happen? The entity that governs OpenAI is a registered charity with a well defined purpose, it would seem odd for it to be able to just say "Actually, screw our mission let's just sell everything valuable to this for-profit company". A big part of being a 501(c)(3) is being tax exempt, difficult to see the IRS being ok with this. Even if they were the anti-trust implications are huge, difficult to see MS getting this closed without significant risk of anti-trust enforcement.

narinxas 3y ago
they already signed it over when their for-profit subsidiary made a deal with Microsoft
- cma 3y ago
  supposedly capped-profit, though if a non-profit can create a for-profit or a capped-profit, I don't see why it couldn't convert a capped-profit to fully for-profit.
- deleted 3y ago
  [deleted]
dragonwriter 3y ago
Yes, a charity can sell assets to a for-profit business. (Now, if there is self-dealing or something that amounts to gifting to a for-profit, that raises potential issues, as might a sale that cannot be rationalized as consistent with being the board's good faith pursuit of the mission of the charity.)
rvba 3y ago
They can sell OpenAI to microsoft for 20 billion, fill the board with spouses and grandparents, then use 10 billion for salaries, 9 for acquisitions and 1 for building OpenAi2. Mozilla wastes money on investments while ignoring firefox and nobody did anything to the board. Oh and those 3 can vote that Ilya out too.