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OpenAI has a very, very complicated ownership structure. They explicitly call this a "capped profit corporation". What this means in practice is that they have
by kmeisthax 4y ago
OpenAI has a very, very complicated ownership structure. They explicitly call this a "capped profit corporation". What this means in practice is that they have a non-profit arm that owns a for-profit arm, and the for-profit arm has some vague and laughably high "profit cap" to meet.
Personally, it sounds like a really sketchy way to work around privacy and copyright concerns. I.e. "we're just doing non-profit research", while smuggling the fruits of that research into the for-profit arm.
- zdragnar 4y agoThat sounds a lot like the structure of the Mozilla Foundation (the non profit part) and the Mozilla Corporation (the for profit part that runs firefox, iirc).
- SkyMarshal 4y ago> and the for-profit arm has some vague and laughably high "profit cap" to meet. What's a profit cap? I've never even heard of that.
- kmeisthax 4y agoSee https://openai.com/blog/openai-lp/ https://openai.com/blog/openai-lp/