OpenAI didn't get everything that they wanted, but I very much disagree with calling it a "failed attempt". The non-profit went from owning the entirety of OpenAI to having ~25% stake.
replySam Altman is a special kind of person; not many could pull off the schemes he does.
replyI doubt it was him who architected it. A team of lawful evil lawyers more likely
replyAh, thanks for the correction.
replyThe non-profit still controls the board doesn't it?
replyAs shown by Altman, not really.
replyIs your argument really that "OpenAI was an independent nonprofit corporation and it worked out great, Arxiv will remain just as non-profit as OpenAI"?
replyNo, my argument is that OpenAI could make billions of dollars if they converted from a non-profit to a for-profit, and they only succeeded after years of effort and because they had already structured the company into separate for-profit and non-profit entities. And even after all this, the non-profit still controls the majority of the for-profit entity.
replySo if OpenAI with billions of dollars only partially succeeded at converting to a for-profit business, then that suggests that organizations with fewer resources (like arXiv) have much worse odds.