Elon Musk's tweet about OpenAI transitioning from a nonprofit to a for-profit organization was based on incorrect information. Tax filings reveal that the original OpenAI nonprofit retained control over its financial assets and did not use any of its money for commercial ventures.
Sam Altman, co-founder of Y Combinator and OpenAI, has a network of nonprofits that are interconnected with his commercial interests.
One of these nonprofits, UBI Charitable, funds Universal Basic Income programs.
Altman's OpenResearch lab received funding of nearly $24.5 million since its establishment.
Altman also provided a loan of $14 million to the organization.
Altman's involvement in TrialSpark, a company he invested in, raised ethical concerns about self-dealing in philanthropy.
Source : https://techcrunch.com/2023/02/21/the-non-profits-accelerating-sam-altmans-ai-vision/
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