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OpenAI is a non-profit.
by msmart 4y ago
OpenAI is a non-profit.
- dorkwood 4y agoThey were previously non-profit. They changed to "capped profit" in 2019, meaning profits for investors are capped at 100x their original investment. So an investment of ten million dollars will only return, at most, 1 billion dollars. https://techcrunch.com/2019/03/11/openai-shifts-from-nonprofit-to-capped-profit-to-attract-capital/ https://techcrunch.com/2019/03/11/openai-shifts-from-nonprof...
- singularity2001 4y agothey capped the open in open ai in the slang sense of the word
- Aeolun 4y agoThe fuck? That’s basically no different from a for-profit company.
- himlion 4y agoAnd probably when the profit starts to reach that level they can just change it again..
- msmart 4y agoThanks. I wasn’t aware of that change.