> IANAL too, but if there is indeed a legal case for material misrepresentation, it would make more sense to be brought by OpenAI shareholders
The case is for material misrepesentation to benefit OpenAI shareholders at the expense of the identified intended beneficiaries of (and donors to) the OpenAI nonprofit. Why would the beneficiaries of the fraud challenge it?
> or the FTC, not some random dude from Texas.
The law often creates multiple different parties with a legitimate and enforceable interewt in the same requirement; while the plaintiff here doesn’t have the strongest standing claim in the world, it is not diminished for thr fact that some of the allegations create much stronger claims for, say, the IRS and state tax authorities or donors to the nonprofit (particularly the accusations of the nonprofit being fraudulently organized and operated for self-dealing for the commercial benefit of certain of its organizers.)