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Article about it here: https://techcrunch.com/2019/03/11/openai-shifts-from-nonprofit-to-capped-profit-to-attract-capital https://techcrunch.com/2019/03/11/open
by alkjsdlkjasd 4y ago
Article about it here: 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...
> Profits emerging from the LP in excess of the 100x multiplier go to the nonprofit, which will use it to run educational programs and advocacy work.
> The board [of the non-profit] is limited to a minority of financially interested parties, and only non-interested members can vote on “decisions where the interests of limited partners and OpenAI Nonprofit’s mission may conflict”