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It is not that simple. https://openai.com/our-structure https://openai.com/our-structure The board is for the non-profit that ultimately owns and totally contr
by cthalupa 3y ago
It is not that simple. https://openai.com/our-structure https://openai.com/our-structure
The board is for the non-profit that ultimately owns and totally controls the for-profit company.
Everyone that works for or invests in the for-profit company has to sign an operating agreement that states the for-profit actually does not have any responsibility to generate profit and that it's primary duty is to fulfill the charter and mission of the non-profit.
- andai 3y agoThen what's the point of the for-profit?
- chimeracoder 3y ago> Then what's the point of the for-profit? To allow OpenAI to raise venture capital, which allows them to exchange equity for money (ie, distribute [future] rights to profit to shareholders)