Don’t believe OpenAI’s “nonprofit” spin (emergency pod with Tyler Whitmer)
OpenAI’s recent announcement that its nonprofit would “retain control” of its for-profit business sounds reassuring. But this seemingly major concession, celebrated by so many, is in itself largely meaningless.
Litigator Tyler Whitmer is a coauthor of a newly published letter that describes this attempted sleight of hand and directs regulators on how to stop it.
As Tyler explains, the plan both before and after this announcement has been to convert OpenAI into a Delaware public benefit corporation (PBC) — and this alone will dramatically weaken the nonprofit’s ability to direct the business…
The skinny
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