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Sam Altman to return as CEO of OpenAI
(www.theverge.com)
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this post was submitted on 22 Nov 2023
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Technology
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This article does not make clear whether or not the new board will remain committed to its non-profit position.
I presume that’s what this whole sordid affair is all about, but no one is saying it.
I think most people don't realize how unusual their company structure is. It feels like it's set up to let them do exactly that. As far as I can tell, once you look past the smoke and mirrors, the board effectively controls both the non-profit and the for-profit.
I think the outcome of the last few days is that the nonprofit board controls nothing and serves at the pleasure of the for-profit company's investors.