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The OpenAI prominently states that any investment should be thought of as a donation. Literally in a bold pinkish-red box that describes its corporate structur
by cwillu 3y ago
The OpenAI prominently states that any investment should be thought of as a donation. Literally in a bold pinkish-red box that describes its corporate structure.
An investor might read that and think they don't actually mean it, but you can't claim they weren't clear about the nature of any required investment.
- wvenable 3y agoOpenAI explicitly created a for profit company to take these investments. It's disingenuous to reframe it as a charity.
- cwillu 3y agoThe bold purple box is explicitly talking about “OpenAI Global, LLC”, which _is_ the “for profit” company. See also: “OpenAI LP’s primary fiduciary obligation is to advance the aims of the OpenAI Charter, and the company is controlled by OpenAI Nonprofit’s board. All investors and employees sign agreements that OpenAI LP’s obligation to the Charter always comes first, even at the expense of some or all of their financial stake.” --https://openai.com/blog/openai-lp https://openai.com/blog/openai-lp To emphasize, they will not take your investment money until you've signed an agreement saying that you're aware of all of this.