mesa

OpenAI Establishes For-Profit Company In Restructuring Change Involving Microsoft

More links: https://finance.yahoo.com/news/microsoft-and-openais-new-for-profit-deal-gives-windows-maker-27-stake-142521255.html

OpenAI Becomes For-Profit Company In $500 Billion Deal

Microsoft will have a roughly 27% stake in the new for-profit company known as OpenAI Group PBC.

Forbes
Oct 28 at 9:14pmWeb
Show threadmesaOct 28
I cant find too many good articles with in depth coverage but theres a bunch confirming the move.
Show threadryperOct 28
Gizmodo’s article has more detail.
OpenAI Ditches the 'Non' in 'Non-Profit'

The old OpenAI is dead. Now to Figure Out the Profit Part.

Gizmodo
Show threadmesaOct 28
Thanks!
Show threadXLEOct 28

The expectation is for the Foundation to use its equity stake in the OpenAI Group to help fund philanthropic work. That will start with a $25 billion commitment to “health and curing diseases” and “AI resiliance” to counteract some of the risks presented by the deployment of AI.

Paying yourself to promote your own product. Promising to fix vague “risks” that make the product sound more powerful than it is, with “fixes” that won’t be measurable.

In other words, Sam is cutting a $25 billion check to himself.

Show threadetherphonOct 28
So they're already aware of the risks, AI companies are being run with the same big oil/big tobacco playbook lol. You can have all the fancy new technology but if the money is still coming from the same group of rich inbred douchebags it doesn't matter because it will turn to shit.
Show threadXLEOct 29

AI companies are definitely aware of the real risks. It’s the imaginary ones ("what happens if AI becomes sentient and takes over the world?") that I imagine they’ll put that money towards.

Meanwhile they (intentionally) fail to implement even a simple cutoff switch for a child that’s expressing suicidal ideation. Most people with any programming knowledge could build a decent interception tool. All this talk about guardrails seems almost as fanciful.

Show threadnomadmanOct 29
ClosedAI
Show threadBrianTheeBiscuiteerOct 29
OpenYerFuckinWalletAI
Show threadEnsignWashoutOct 29
It’s often the ones we most suspected.
Show threadcecilkorikOct 29
More Financial Engineering to try to obscure the fact that they’re all caught in a rapidly expanding bubble that they’ve lost any hope of controlling.
Show threadCryan24Oct 29
Too the suprise of absolutely no-one.