OpenAI is a non-profit with a for-profit subsidiary. The controlling board is at the non-profit and immune to shareholder concerns.
Investors in OpenAI-the-business were literally told they should think of it as a donation. There’s not much grounds for a shareholder lawsuit when you signed away everything to a non-profit.
Absolutely nobody on a board is immune from judicial oversight. That fiction really needs to go. Anybody affected by their decisions could have standing to sue. They are lucky that nobody has done it so far.
I guess big in-person investors were told as much, but if it's about that big purple banner on their site, that seems to be an image with no alt-text. I wonder if an investor with impaired vision may be able to sue them for failing to communicate that part.
Investors in OpenAI-the-business were literally told they should think of it as a donation. There’s not much grounds for a shareholder lawsuit when you signed away everything to a non-profit.