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I don't think so. OpenAI was created as a non-profit, and I don't think they have any kind of fudiciary duty to create profit.
by trashtester 3y ago
I don't think so. OpenAI was created as a non-profit, and I don't think they have any kind of fudiciary duty to create profit.
- jrflowers 3y agoIt is a special thing, a for-profit 501c3. At tax time it is tax exempt but when a guy I like gets fired the investors can leverage their donationvestments to fire the board and push the chari-business into further profitability. It is a good setup and it makes sense why so many people are cheering things on today :)
- blackoil 3y agoMS investments are in for-profit company, not the parent.
- jrflowers 3y agoExactly, that’s why the investors should get to fire the board of the charity
- trashtester 3y agoWhich board? The board of the for-profit subsidiary or the non-profit parent?
- jrflowers 3y agoYes