OpenAI is a for profit company, owned by a non profit. External investors can invest in the for profit subsidiary, but it is still owned by the non profit. Investors are only allowed a capped amount of profit. (The capped amount is still bajillions afaik). But the for profit is legally bound to follow the non-profit’s mission.
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OpenAI is a for profit company, owned by a non profit. External investors can invest in the for profit subsidiary, but it is still owned by the non profit. Investors are only allowed a capped amount of profit. (The capped amount is still bajillions afaik). But the for profit is legally bound to follow the non-profit’s mission.
https://gizmodo.com/to-further-its-mission-of-benefitting-everyone-openai-will-become-fully-for-profit-2000543628
I didn’t know that! Thanks for the article
I wonder if there’s a single person out there who can’t see that this sentence / sentiment is complete dogshit (including the thief who said it).