Birdwatch Note Rating
2024-09-28 00:50:33 UTC - HELPFUL
Rated by Participant: 753C5C7B0B37538E3A76400C40AFD8D2219A5F13068A7C992A83D43AA487F050
Participant Details
Original Note:
Elon is technically correct. You can't convert a non-profit into a for-profit. Even the sources listed in the CN shown state that the assets must be sold and then reincorporated. That's not a conversion. OpenAI would need to be sold to open a new for-profit venture. https://www.aprio.com/can-nonprofit-convert-profit/
All Note Details