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> the abuse of a charity, A non-profit and charity are two different things. While a charity is a form of non-profit, it has to follow certain rules to quali
by EagnaIonat 3y ago
> the abuse of a charity,
A non-profit and charity are two different things.
While a charity is a form of non-profit, it has to follow certain rules to qualify as one. Their profits must go towards the charity.
A non-profit is a company that is set up not to make a profit. It is allowed to make a profit if it does. This is what OpenAI was.
They switched to a "capped" for-profit model so that they could get more funding. It also allowed their employees to invest in the company, and openAI gave equity to their employees.
There was no lies or abuse. Where did you get that information from?
- feoren 3y ago> It is allowed to make a profit if it does. A nonprofit is subject to the non-distribution constraint: any revenues that exceed expenses must be committed to the organization's purpose, not taken by private parties. https://en.wikipedia.org/wiki/Nonprofit_organization https://en.wikipedia.org/wiki/Nonprofit_organization