You have to understand that OpenAI was never going to be anything more than the profit limited generator of the change. It’s the lamb. Owning a stake in OpenAI isn’t important. Creating the change is.
Owning stakes in the companies that will ultimately capture and harvest the profits of the disruption caused by OpenAI (and they’re ilk) is.
OpenAI can’t become a profit center while it disrupts all intellectual work and digitizes humanities future: those optics are not something you want to be attached to. There is no flame retardant suite strong enough.
Worldcoin is scanning people’s irises by having them look into a sphere called a fucking Orb so it can automatically create crypto wallets and distribute global minimum basic incomes after the AI apocalypse.
Altman conceived and raised $115 million for the company.
I could easily see him, or any other insider, setting themselves up administrating a recipient entity for contributions out of those “capped profits” the parent non-profit is supposed to distribute. (If, of course, the company ever becomes profitable at the scale where the cap kicks in.)
Seems like it would be a great way to eventually maintain control over your own little empire while also obfuscating its structure and dodging some of the scrutiny that SV executives have attracted during the past decade. Originally meant as a magnanimous PR gesture, but will probably end up being taught as a particularly messy example of corporate governance in business schools.
Yeah, I agree that the whole legal structure is basically duplicitous, and any attempt to cite it as some evidence of virtue is more emblematic of the opposite...
