OpenAI, the entity behind ChatGPT, has been making headlines in the business and legal world since its nonprofit board fired founder and CEO, Sam Altman. Altman’s dismissal and subsequent return highlighted the tension between the nonprofit structure of OpenAI and Microsoft’s hefty investment in its technology, all against the backdrop of OpenAI’s potentially dangerous pursuit of AGI (artificial general intelligence). The OpenAI nonprofit/for-profit structure presents an interesting opportunity to explore nonprofit use of for-profit entities and the issues that arise in such structures.

Speakers:

Rose Chan Loui, Founding Executive Director, Lowell Milken Center for Philanthropy and Nonprofits
Michael Dorff, Executive Director, Lowell Milken Institute for Business Law and Policy
Ghaith Mahmood, Partner, Latham and Watkins
David Shevlin, Partner, Simpson, Thacher, and Bartlett

MCLE Material:

Aprill, Chan Loui, Horwitz, "Board Control of a Charity's Subsidiaries: The Saga of OpenAI" UCLA School of Law - Law & Economics Research Paper No. 24-01, Tax Notes Federal, Volume 182, January 8, 2024

Chan Loui, "Open AI's Structure Raises Questions About Protecting Its Charitable Mission" Los Angeles Daily Journal, August 20, 2024

Dorff, "Chapter 3: How are PBCs Different?" Becoming a Public Benefit Corporation: Express Your Values, Energize Stakeholders, Make the World a Better Place, Stanford University Press, November 2023

This event is sponsored by Lowell Milken Center for Philanthropy and Nonprofits, Lowell Milken Institute for Business Law and Policy and UCLA School of Law. This is a private event, open to UCLA School of Law students, faculty and invited guests. For questions, please email lowellmilkeninstitute@law.ucla.edu.​

Please RSVP 

Parking at UCLA Faculty Center.

UCLA School of Law is a State Bar of California approved MCLE provider. This activity qualifies for 1 hour(s) of general MCLE credit.