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Technicalities. He stated he did not have any equity in OpenAI. While he might not shares directly in OpenAI, but he might have indirectly, or has some other e

Technicalities. He stated he did not have any equity in OpenAI. While he might not shares directly in OpenAI, but he might have indirectly, or has some other economic interest agreement. OpenAI consists of at least the following entities: OpenAI OpCo, LLC OpenAI Global, LLC OpenAI Nonprofit. OpenAI GP LLC OpenAI, Inc. OpenAI, L.L.C OpenAI, LP. OpenAI Startup Fund Management, LLC OpenAI Startup Fund I, L.P. OpenAI Startup Fund GP I, L.L.C. OpenAI Ireland Ltd A Delaware Limited Partnership doesn't have shares, so he's technically correct by that statement. --ianal

borski 3y ago
Aside from a small investment through a YCombinator fund (sama was formerly its president), he doesn't have any equity in the company.
- jbverschoor 3y ago
  That’s so hard to believe. As an employee, he’s probably entitled to some stock. But again, that means he currently “doesn’t own” it
  - borski 3y ago
    Hard to believe or not, them’s the facts. He does not own any stock, and does not have any issues options or anything like that.
    - reducesuffering 3y ago
      And how sure are you he doesn't have any Profit Participating Units? The primary compensation given to OpenAI employees.
      - borski 3y ago
        He opted against financial stake in the company, "citing his concern regarding the use of profit as an incentive in AI development," according to the WSJ. Rather than trying to assume it's some corporate conspiracy, I'm gonna go with Occam's Razor.
        jbverschoor 3y ago
        He stated: "I have no equity in OpenAI". Whatever WSJ tells has written is an interpretation of the statement sama made. Also, if you're quoting, please the preceding sentence which is crucial: He took no *direct* financial stake in the business, citing his concern regarding the use of profit as an incentive in AI development
        borski 3y ago
        Your argument has no merit. I have already stated “Aside from a small investment through a YCombinator fund (sama was formerly its president), he doesn't have any equity in the company.” Until you have some kind of proof he’s lying, I’m not going to assume he is.

borski 3y ago

Aside from a small investment through a YCombinator fund (sama was formerly its president), he doesn't have any equity in the company.

jbverschoor 3y ago
That’s so hard to believe. As an employee, he’s probably entitled to some stock. But again, that means he currently “doesn’t own” it
- borski 3y ago
  Hard to believe or not, them’s the facts. He does not own any stock, and does not have any issues options or anything like that.
  - reducesuffering 3y ago
    And how sure are you he doesn't have any Profit Participating Units? The primary compensation given to OpenAI employees.
    - borski 3y ago
      He opted against financial stake in the company, "citing his concern regarding the use of profit as an incentive in AI development," according to the WSJ. Rather than trying to assume it's some corporate conspiracy, I'm gonna go with Occam's Razor.
      - jbverschoor 3y ago
        He stated: "I have no equity in OpenAI". Whatever WSJ tells has written is an interpretation of the statement sama made. Also, if you're quoting, please the preceding sentence which is crucial: He took no *direct* financial stake in the business, citing his concern regarding the use of profit as an incentive in AI development
        borski 3y ago
        Your argument has no merit. I have already stated “Aside from a small investment through a YCombinator fund (sama was formerly its president), he doesn't have any equity in the company.” Until you have some kind of proof he’s lying, I’m not going to assume he is.