Using the Whole Whale - A Nonprofit Podcast
Business:Non-Profit
The episode covers the Open AI lawsuit filed by Elon Musk, the NYPD mandated to change protest response tactics, the rise of anti-DEI bills in several states, the history of Women's History Month, and ends with a lighthearted dad joke. The hosts also discuss the behind-the-scenes tactics of editing and adapting content for YouTube and share their thoughts and insights on various nonprofit-related topics.
Elon Musk is suing OpenAI, alleging it has strayed from its nonprofit roots to chase profits, according to reporting from Axios and others. The heart of the dispute lies in Musk's claim that OpenAI, which he helped found, reneged on a commitment to operate as an open-source entity under its original 501(c)3 nonprofit status.
The lawsuit accuses OpenAI of becoming a secretive, profit-driven organization under Microsoft's influence (with the initial ability to leverage tax-deductible donations). The lawsuit alleges this is an egregious shift from OpenAI’s original mission, and highlights how the 501(c)3 could serve as a vehicle to abuse by commercial businesses. (See also how IKEA is owned by a nonprofit!)
"If this business model were valid, it would radically redefine how venture capitalism is practiced in California and beyond,” says Musk. He adds that “competing against an entity employing the new OpenAI business model would be like playing a game of basketball where the other team's baskets are worth twice as many points,” in reference to the pre-tax benefits of OpenAI’s initial funding model.
Though, it is worth noting is that Musk might also be interested in slowing down OpenAI so his Grok competitor can catch up…
288: Fundraising Automations to Setup in Q1
287: (news) Nonprofits Prepare for Ukraine Evac & Volunteer Shortage
286: The Great U.S. Volunteer Shortage & CEO Transition at VolunteerMatch
285: (news) Don’t GoFundMe in Canada & Crisis at Textline Around Data Sharing
284: The Case for Crypto Donations - The Giving Block
282: (news) Nonprofits VS Spyware & National Blood Shortage
282: (news) NGO Capital for Capital Rioters & Red Cross Hack
281: (news) Thousands Serve on MLK Day & A Classy Acquisition
279: (news) PE Firm Acquires Nonprofit Tech & PEW 2021 Data
278: The Hidden Cost of COVID on Children Who Lose Parents
278: (news) Nonprofits Salary Struggles & Franklin A. Thomas Legacy
277: Predictions for Nonprofits in 2022
276: (news) log4j Nightmare Before Nonprofit Christmas & Jobs Report
275: (news) ‘Troll Philanthropy‘ and For-Profit Activism
274: The rise of remote fundraising through the pandemic with atlasGO
273: GivingTuesday up 9% & Clinton Foundation Down 75%
272: How much should nonprofits budget for ads? The Nonprofit Ad Study
271: (news) Beware #GivingTuesday scams & Toy inflation impact
270: #GivingTuesday updates & Donor Trust Report
269: How to adjust Google Ad Grant Campaigns for EOY
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