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OpenAI Moves To Complete Potentially The Largest Theft In Human History
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OpenAI Moves To Complete Potentially The Largest Theft In Human History

Podcast episode for OpenAI Moves To Complete Potentially The Largest Theft In Human History.

  • 00:00 - Introduction

  • 01:40 - OpenAI Calls It Completing Their Recapitalization

  • 03:12 - How Much Was Stolen?

  • 07:23 - The Nonprofit Still Has Lots of Equity After The Theft

  • 11:06 - The Theft Was Unnecessary For Further Fundraising

  • 12:10 - How Much Control Will The Nonprofit Retain?

  • 24:22 - Will These Control Rights Survive And Do Anything?

  • 27:26 - What About OpenAI’s Deal With Microsoft?

  • 32:39 - What Will OpenAI’s Nonprofit Do Now?

  • 38:21 - Is The Deal Done?

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Don't Worry About the Vase
OpenAI Moves To Complete Potentially The Largest Theft In Human History
OpenAI is now set to become a Public Benefit Corporation, with its investors entitled to uncapped profit shares. Its nonprofit foundation will retain some measure of control and a 26% financial stake, in sharp contrast to its previous stronger control and much, much larger effective financial stake. The value transfer is in the hundreds of billions, thu…
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https://open.substack.com/pub/thezvi/p/openai-moves-to-complete-potentially?r=67y1h&utm_campaign=post&utm_medium=web&showWelcomeOnShare=false

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