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DeeperML
@www.theatlantic.com
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OpenAI has reversed its decision to transition into a fully for-profit entity, opting instead to restructure as a public benefit corporation (PBC). This dramatic pivot was influenced by legal and civic discussions, signaling a significant shift in the company's approach to artificial general intelligence (AGI) development and funding. Initially founded as a counter to the perils of prioritizing profit in the development of powerful AI, a newly obtained letter from OpenAI lawyers to California Attorney General Rob Bonta reveals the company's concern over anything that might hinder its ability to raise substantial capital.
The decision to remain under the control of its non-profit board comes after facing backlash from various stakeholders, including civic leaders and the offices of the Attorney General of Delaware and California. The shift to a PBC structure is aimed at balancing the interests of shareholders with the company's mission of ensuring that AGI benefits humanity. This move acknowledges the need for greater transparency and accountability in AI development, while also navigating the complex landscape of attracting investment and fostering innovation.
OpenAI's restructured commercial arm, operating as a public benefit corporation, will be legally obligated to consider broader social and environmental goals, while still pursuing profit. This pragmatic evolution reflects OpenAI's recognition that the path to achieving its ambitious goals requires a more nuanced approach, addressing both financial sustainability and societal impact. The decision could have profound implications for the future of AI funding, AGI development, and global social systems, possibly setting the stage for the creation of the most powerful non-profit in human history.
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The decision to remain under the control of its non-profit board comes after facing backlash from various stakeholders, including civic leaders and the offices of the Attorney General of Delaware and California. The shift to a PBC structure is aimed at balancing the interests of shareholders with the company's mission of ensuring that AGI benefits humanity. This move acknowledges the need for greater transparency and accountability in AI development, while also navigating the complex landscape of attracting investment and fostering innovation.
OpenAI's restructured commercial arm, operating as a public benefit corporation, will be legally obligated to consider broader social and environmental goals, while still pursuing profit. This pragmatic evolution reflects OpenAI's recognition that the path to achieving its ambitious goals requires a more nuanced approach, addressing both financial sustainability and societal impact. The decision could have profound implications for the future of AI funding, AGI development, and global social systems, possibly setting the stage for the creation of the most powerful non-profit in human history.
ImgSrc: d2bwo9zemjwxh5.
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References :
- Last Week in AI: OpenAI says non-profit will remain in control after backlash, OpenAI launches Codex, an AI coding agent, in ChatGPT, and more!
- www.marketingaiinstitute.com: OpenAI just pulled off a dramatic pivot—and it could have profound implications for the future of artificial general intelligence (AGI), AI funding, and even global social systems.
- Last Week in AI: OpenAI has decided not to transition from a nonprofit to a for-profit entity, instead opting to become a public benefit corporation influenced by legal and civic discussions.