The Midas Project, an AI watchdog, has lodged a complaint against OpenAI, alleging violations of tax laws that could jeopardize its nonprofit status. The watchdog claims to have uncovered evidence of “abandoned safeguards,” conflicts of interest, and potential misuse of charitable funds. Specifically, the complaint targets CEO Sam Altman, whose dual role in OpenAI’s for-profit and nonprofit sectors raises concerns about personal financial gain at the nonprofit’s expense. The complaint highlights board members with significant financial conflicts, including Bret Taylor and Adam D’Angelo, who have ties to companies that profit from OpenAI’s technology. Founded in 2015 to ensure AI benefits humanity, OpenAI is now accused of pursuing profit instead. As OpenAI considers restructuring into a public benefit corporation, Midas urges an IRS investigation to uphold its nonprofit obligations. The case highlights concerns over ensuring AI technology serves public interest over shareholder profits.
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