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I mean a good question is how would this be structured. Would it be a new SamAltman company or was it to be part of OpenAI? If so, was it to be a profit or non-profit?

The thing is starting to look more and more like, become the biggest name in AI through claiming non-profit status, leverage the brand to go for profit.

I've seen several people claim it is an "outrageous conflict". I'm not really seeing that.

Seems like a well done nothing burger with a side of french cries to me.

Is that related to GlobalFoundries?

GlobalFoundaries is owned by Mudabala, which is the sovereign fund for the Emirate of Abu Dhabi (the emirate with actual power) in the UAE