• AutoTL;DR@lemmings.worldB
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    10 months ago

    This is the best summary I could come up with:


    In line with that spirit, OpenAI’s reports to US tax authorities have from its founding said that any member of the public can review copies of its governing documents, financial statements, and conflict of interest rules.

    OpenAI’s abandonment of the long-standing transparency pledge obscures information that could shed light on the recent near-implosion of a company with crucial influence over the future of AI and could help outsiders understand its vulnerabilities.

    Access to OpenAI’s conflict-of-interest policy could show what power the new board really has over Altman and his outside pursuits, which include personal investments in numerous startups pursuing AI projects and a nuclear reactor maker.

    His day job and personal projects intermingling played some role in board members’ distrust, according to people involved in the situation but not authorized to discuss it.

    Some sunlight on OpenAI’s governing documents could reveal whether it has made revisions to stabilize an unusual corporate structure and potentially pacify backers such as Microsoft.

    The company’s founding bylaws, publicly available via its 2016 application to the Internal Revenue Service for tax-exempt status, indicate how a fraction of the board could take control and push out Altman.


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