OpenAI Can’t Have It Both Ways With the Money: Parmy Olson

Sam Altman’s reputation for spin was out in full force this week in a published “letter to employees” announcing that he was abandoning plans to turn OpenAI into a for-profit company. Instead, it will “continue to be overseen and controlled” by its nonprofit board.

Hooray for humans, you might think, since that board has a unique fiduciary duty to all people, with a mission to “advance digital intelligence in the way that is most likely to benefit humanity as a whole.” But his investors may be cheering the most, as OpenAI also appears to be removing its 100x cap ...