Kelsey Piper on OpenAI restructuring

"The thing the nonprofit board currently controls —governance of the world’s leading AI lab —makes no sense for the nonprofit to sell at any price. 


"But having the power to make rules for OpenAI is worth more than even a mind-bogglingly large sum of money for that mission.

"Nonprofit control over how AGI is developed and governed is so important to OpenAI’s mission that removing control would violate the special fiduciary duty owed to the nonprofit’s beneficiaries, the letter argues. 

"Those beneficiaries are all of us, and the argument is that a big foundation has nothing on a role guiding OpenAI.

"And it’s not just saying that the move is a bad thing. 

"It’s saying that the board would be illegally breaching their duties if they went forward with it and the attorneys general of California and Delaware —to whom the letter is addressed because OpenAI is incorporated in Delaware and operates in California —should step in to stop it."

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