Comment by dooglius
2 hours ago
The objectional part would be:
- in 2019, OpenAI created a capped-profit subsidiary in order to attract funding from commercial entities
Particularly if it creates a conflict of interest for anyone making decisions on behalf of the nonprofit
worse than that is the $60 million sale price, which was comically and absurdly low. Elon himself said he was willing to buy it for significantly more than that and the fact that it wasn't able to go to the highest bidder just shows that it was bullshit
Elon's purchase offer was in 2025, after the success of ChatGPT showed that the OpenAI's IP (much if not most of it developed after 2019) could be commercially valuable. I think it is also debatable whether Elon's purchase offer was in good faith.
It was not clear in 2019 that OpenAI's IP would ultimately be worth billions.