OpenAI said it will be restructured as a public benefit corporation, or a PBC, which is a for-profit corporation designed to create public and social good. The nonprofit that controls the organization now would receive shares in the new company.
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If the person who initiated AI is right there's a 20% chance that it will destroy humanity within 30 years. Still at least it wont be global warming Putin, Trump or Xi that finishes us off - unless they are quick!
no they are finally being honest that they aren’t a non-profit which is how their board structure is set up now. and why the non-profit entity is getting shares.
This sounds like a snow job - There is little oversight or regulation in the US to enforce the designation of Public Benefit Corporation.
Without that, it is just a branding exercise.
Interesting- they have had some problems in the not-for-profit vs. for-profit corporate structure previously. They have a good product (vis-a-vis with current technology). So-what to do??
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It's a public nuisance, is what it is.
Desperate plays to stop a bubble from bursting.
Without that, it is just a branding exercise.
I want AI to do laundry. Wash my dishes. Manage my taxes. Cut my grass.