May 16, 2010
Honda’s “Grrr,” out of Wieden + Kennedy (W+K), London, scored Best of Show at The One Show, which was held this week (5/11) at New York’s Jazz at Lincoln Center. Meanwhile, Burger King’s “Subservient Chicken,” out of Crispin Porter + Bogusky (CP+B), Miami, won Best of Show at the One Show Interactive competition….SHOOT’s third annual New Directors Showcase—which will be marked by an evening screening and panel discussions slated for next week (5/19) at the DGA Theatre in New York—offers a total of 21 helmers (including a two-man team) from diverse backgrounds….Representatives from ad agency in-house post shops throughout the country met for the second straight year during the National Association of Broadcasters (NAB) convention last month in Las Vegas, moving closer to the goal of forming a trade association with chapters on both coasts and in the Central U.S….Greg Popp has signed with bicoastal Supply & Demand—the production house headed by managing partners/executive producers Tim Case and Kent Eby—for exclusive representation as a director. Popp had been senior VP/group executive producer at DDB Chicago….Cutters, the Chicago-based editorial house that this year celebrates its 25th anniversary, has spent recent months getting its new Venice. Calif. operation up and running. Heading up the office as executive producer is Nicole Visram, who made a shift after three years as a senior producer at Ogilvy & Mather, Culver City. The Venice base also includes three new Cutters editors: Dustin Robertson, formerly of Santa Monica-based Brass Knuckles; Tessa Davis, from Orchestra Blue in Johannesburg; and newcomer John Mailloux, formerly of bicoastal Lost Planet, where he served as an editorial assistant to editors Hank Corwin and Paul Martinez….
Changing OpenAI’s Nonprofit Structure Would Raise Questions and Heightened Scrutiny
The artificial intelligence maker OpenAI may face a costly and inconvenient reckoning with its nonprofit origins even as its valuation recently exploded to $157 billion.
Nonprofit tax experts have been closely watching OpenAI, the maker of ChatGPT, since last November when its board ousted and rehired CEO Sam Altman. Now, some believe the company may have reached — or exceeded — the limits of its corporate structure, under which it is organized as a nonprofit whose mission is to develop artificial intelligence to benefit "all of humanity" but with for-profit subsidiaries under its control.
Jill Horwitz, a professor in law and medicine at UCLA School of Law who has studied OpenAI, said that when two sides of a joint venture between a nonprofit and a for-profit come into conflict, the charitable purpose must always win out.
"It's the job of the board first, and then the regulators and the court, to ensure that the promise that was made to the public to pursue the charitable interest is kept," she said.
Altman recently confirmed that OpenAI is considering a corporate restructure but did not offer any specifics. A source told The Associated Press, however, that the company is looking at the possibility of turning OpenAI into a public benefit corporation. No final decision has been made by the board and the timing of the shift hasn't been determined, the source said.
In the event the nonprofit loses control of its subsidiaries, some experts think OpenAI may have to pay for the interests and assets that had belonged to the nonprofit. So far, most observers agree OpenAI has carefully orchestrated its relationships between its nonprofit and its various other corporate entities to try to avoid that.
However, they also see... Read More