Gary Marcus

Rank 15 of 47
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Score 76
9/28/2024, 4:39:06 PM
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In reply to:
Alice (e/nya)šŸˆā€ā¬›
@Alice_comfy
Ā·
409d
@GaryMarcus @MikeIsaac @nytimes @paulg https://www.aprio.com/can-nonproā€¦

Some law forms offer advice. The OpenAI tax filing doesn't list the value of the Partnership, and only lists $19m as assets.

https://projects.propublica.org/ā€¦
Gary Marcus
@GaryMarcus
Ā·
409d
@Alice_comfy @MikeIsaac @nytimes @paulg that would seem to be consistent with my scenario above, then, correct? any links on the law?
Alice (e/nya)šŸˆā€ā¬›
@Alice_comfy
Ā·
409d
@GaryMarcus @MikeIsaac @nytimes @paulg Looked into a bit after reading the note on Elon's post (I was surprised it can be done). It seems to achieve the conversion, you have to liquidate and then donate all assets acquired as a non profit.

Not sure how you economically value OpenAI, Inc.'s control of the LLC.
Gary Marcus
@GaryMarcus
Ā·
409d
Crazy thought, bear with me: OpenAIā€™s financing docs per @MikeIsaac @nytimes basically hinge on the company becoming a for-profit. If they donā€™t, a poison pill kicks in and the new financing becomes convertible debt. (Not good, as @paulg recently noted.)

Openā€™s AI attemptedā€¦

The statement 'I would presume that the IP alone is worth more than $19m lol' constitutes public discourse as it engages in a substantive discussion about the valuation of OpenAI's assets and the implications of its nonprofit status. The tone is somewhat lighthearted due to the use of 'lol,' but the content addresses a public issue related to nonprofit conversions and asset valuation.

  1. Principle 1:
    I will strive to do no harm with my words and actions.
    The statement does not appear to cause harm with words and actions. It is a lighthearted comment on the valuation of intellectual property.Ā [+1]
  2. Principle 2:
    I will respect the privacy and dignity of others and will not engage in cyberbullying, harassment, or hate speech.
    The statement respects the privacy and dignity of others and does not engage in cyberbullying, harassment, or hate speech.Ā [+1]
  3. Principle 3:
    I will use my words and actions to promote understanding, empathy, and compassion.
    The statement does not explicitly promote understanding, empathy, or compassion, but it does contribute to the discussion by providing a perspective on asset valuation.
  4. Principle 4:
    I will engage in constructive criticism and dialogue with those in disagreement and will not engage in personal attacks or ad hominem arguments.
    The statement does not engage in personal attacks or ad hominem arguments. It is a constructive comment on the topic at hand.Ā [+1]
  5. Principle 7:
    I will uphold the principles of free speech and use my platform responsibly and with integrity.
    The statement upholds the principles of free speech and uses the platform responsibly and with integrity.Ā [+1]