Rick Krug

Executive Coach, Speaker, Author. Let me help you pursue the means to achieve your dreams!🗯️

[Rick Krug @RickKrug]

@victormarx Now give em heaven!

[Rick Krug @RickKrug]

@janetparks0428 From Facebook to X. Still following you as you speak truth.

[Rob Wiblin @robertwiblin]

One OpenAI critic calls it "the theft of at least the millennium and quite possibly all of human history." Are they right?

UCLA nonprofit law expert Rose Chan Loui and I discuss OpenAI's unprecedented gambit to ditch its nonprofit for good:

4:08 – How OpenAI carefully chose a complex nonprofit structure that failed
11:56 – OpenAI's new plan to go for-profit
14:49 – The nonprofit board is out-gunned, out-manned, out-numbered, out-planned. Who can help?
17:28 – Who would stand cheated in a bad for-profit switch?
28:03 – Has this happened before?
29:37 – Is it truly in the nonprofit's interest to sell control of OpenAI, or is it a bad deal?
36:10 – The difficulty of valuing OpenAI's future windfall profits
42:31 – Control of OpenAI is independently incredibly valuable and demands compensation
53:09 – What most miss: It's very important the nonprofit get cash and not just equity
1:05:36 – Is it a farce to call this an "arm's-length transaction"?
1:10:59 – How the nonprofit board can best play their hand
1:17:42 – Can Elon Musk mount a court challenge and how that would work

The volunteer nonprofit board is hugely outgunned by groups who would profit by tens of billions by screwing it over.

And it will take a heroic effort and help from some state attorneys general to get everything it's owed.

But that... just might happen.

We don't hold back on the opinions.

Episode available in audio and video on the 80,000 Hours Podcast here, on any app, or YouTube.

[Rick Krug @RickKrug]

@elonmusk just a thought… how about a rebrand of DOGE? Keep up the good work.

[Rick Krug @RickKrug]

@POTUS Uh, no it’s not.

[Rick Krug @RickKrug]

Had a discussion about a political topic.

We disagreed vehemently.

He is still my friend…it can happen

[Rick Krug @RickKrug]

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