OpenAI, the company that brought you ChatGPT, just sold you out (www.vox.com)
from tardigrada@beehaw.org to technology@beehaw.org on 28 Sep 12:29
https://beehaw.org/post/16284709

Archived link

Since its founding in 2015, its leaders have said their top priority is making sure artificial intelligence is developed safely and beneficially. They’ve touted the company’s unusual corporate structure as a way of proving the purity of its motives. OpenAI was a nonprofit controlled not by its CEO or by its shareholders, but by a board with a single mission: keep humanity safe.

But this week, the news broke that OpenAI will no longer be controlled by the nonprofit board. OpenAI is turning into a full-fledged for-profit benefit corporation. Oh, and CEO Sam Altman, who had previously emphasized that he didn’t have any equity in the company, will now get equity worth billions, in addition to ultimate control over OpenAI.

In an announcement that hardly seems coincidental, chief technology officer Mira Murati said shortly before that news broke that she was leaving the company. Employees were so blindsided that many of them reportedly reacted to her abrupt departure with a “WTF” emoji in Slack.

WTF indeed.

#technology

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oftheair@lemmy.blahaj.zone on 28 Sep 12:41 next collapse

shocked pikachu face

Tech obsessives, tech obsessing

Captitalists capitalising.

hddsx@lemmy.ca on 28 Sep 12:45 next collapse

Gotta get out while the gettin is good. Otherwise, if you lose the copyright lawsuits… RIP

QuentinCallaghan@sopuli.xyz on 28 Sep 12:55 collapse

Generative AI has reached its peak after all.

storksforlegs@beehaw.org on 28 Sep 13:14 next collapse

CEO Sam Altman, who had previously emphasized that he didn’t have any equity in the company, will now get equity worth billions, in addition to ultimate control over OpenAI.

what! You mean he stands to profit billions after lying about his intentions?! A techbro would never!!

zante@lemmy.wtf on 28 Sep 13:33 next collapse

comedy goldmine :

They could get up to 100 times what they put in, but beyond that, the money would go to the nonprofit, which would use it to benefit the public. For example, it could fund a universal basic income program to help people adjust to automation-induced joblessness.

TimLovesTech@badatbeing.social on 28 Sep 13:52 collapse

“If OpenAI were to retroactively remove profit caps from investments, this would in effect transfer billions in value from a non-profit to for-profit investors,” Jacob Hilton, a former employee of OpenAI who joined before it transitioned from a nonprofit to a capped-profit structure.

I’m sure the investors weren’t selling him on the idea that if they got a bigger return he would as well, surely.

FlashMobOfOne@beehaw.org on 28 Sep 14:24 next collapse

It’s WeWork and Adam Neumann all over again.

You couldn’t pay me to invest in this shit and it feels a little insane that seemingly intelligent VC’s are doing so.

sunzu2@thebrainbin.org on 28 Sep 14:50 collapse

Don't give them your data folks!

You don't know what you inputs will be used for in the future but nobody also was thinking that Facebook posts from 2000 would be a large piece of a training data for these llms lol

FlashMobOfOne@beehaw.org on 28 Sep 15:08 collapse

Definitely.

Also, don’t invest in companies that hand total control to one person. That’s a recipe for having that one idiot blow all of your money, like Adam Neumann did.

VolumetricShitCompressor@lemmy.dbzer0.com on 28 Sep 14:42 next collapse

I am SHOCKED.

PhilipTheBucket@ponder.cat on 28 Sep 14:49 next collapse

I think that over the next few years Sam Altman is going to learn the same lessons that events have been trying to teach Elon Musk since circa 2021.

  1. You didn’t build that. The people that work for you did.
  2. Being a big hero is contingent on you and your behavior, and can change.
  3. Those people who are giving you all this money aren’t your comrades. When your usefulness is at its end, they won’t give you a second thought.
21Cabbage@lemmynsfw.com on 28 Sep 15:26 collapse

sad trombone