RSS BotMB to Hacker NewsEnglish · 1 day agoOpenAI Moves to Complete Potentially the Largest Theft in Human Historythezvi.substack.comexternal-linkmessage-square4fedilinkarrow-up114arrow-down11file-text
arrow-up113arrow-down1external-linkOpenAI Moves to Complete Potentially the Largest Theft in Human Historythezvi.substack.comRSS BotMB to Hacker NewsEnglish · 1 day agomessage-square4fedilinkfile-text
minus-squareCypher@lemmy.worldlinkfedilinkEnglisharrow-up2·24 hours agoBasically OpenAI has been a nonprofit organisation with a profit cap. Meaning that while they stole vast troves of data it would in theory return more value to its users than they paid to access it. With OpenAI becoming a public benefit corporation they will be able to pursue unlimited profits. OpenAI has also had a majority stake in OpenAI so has been able to control the direction of the organisation. That will change with investors now having the majority stake and OpenAI having a 26% share. Basically the ‘theft’ here is that future profits will flow to shareholders instead of reinvestment into OpenAI. There was never any plan for distribution of wealth from OpenAI to the public or governments so I find calling this theft a bit of a reach.
Basically OpenAI has been a nonprofit organisation with a profit cap.
Meaning that while they stole vast troves of data it would in theory return more value to its users than they paid to access it.
With OpenAI becoming a public benefit corporation they will be able to pursue unlimited profits.
OpenAI has also had a majority stake in OpenAI so has been able to control the direction of the organisation.
That will change with investors now having the majority stake and OpenAI having a 26% share.
Basically the ‘theft’ here is that future profits will flow to shareholders instead of reinvestment into OpenAI.
There was never any plan for distribution of wealth from OpenAI to the public or governments so I find calling this theft a bit of a reach.