Matt Levine’s Money Stuff: Who Controls OpenAI?

OpenAI

I mean here’s a diagram:

And then here’s a slightly annotated diagram :

In the first diagram, the word “controls” appears four times, and if you trace it through, you will see that the board of directors of OpenAI ultimately controls each entity in the organization. All of OpenAI answers to its ultimate decision-making body, an independent nonprofit board of directors who do not own any equity in the OpenAI entities and who, broadly speaking, appoint themselves. They answer to their own consciences, not to any investors. “The Nonprofit’s principal beneficiary is humanity, not OpenAI investors,” explains OpenAI.

In the ...