3 ms·
Not quite accurate. OpenAI is set up in a weird way where nobody has equity or shares in a traditional C-Corp sense, but they have Profit Participation Units,
by mi3law 3y ago
Not quite accurate.
OpenAI is set up in a weird way where nobody has equity or shares in a traditional C-Corp sense, but they have Profit Participation Units, an alternative structure I presume they concocted when Sam joined as CEO or when they first fell in bed with Microsoft. Now, does Sam have PPUs? Who knows?