5 ms·

OpenAI opted to become a for-profit company to take money from investors back in 2019. https://openai.com/blog/openai-lp https://openai.com/blog/openai-lp

• pclmulqdq 3y ago
  OpenAI did not become for-profit. OpenAI opened a limited-profit arm. The board of directors who fired Sam Altman is the board of the nonprofit.
  • Timber-6539 3y ago
    > limited-profit arm. This is another one of those recent buzzwords that mean nothing. Like oil conglomerates making "green energy" donations and calling themselves low carbon emitters.
    • sudosysgen 3y ago
      The point is that this was a subsidiary under the control of the non-profit. It was mostly there for tax reasons.
      • deleted 3y ago
        [deleted]
      • Timber-6539 3y ago
        My point is that the non-profit on OpenAI's operating model is just a tag. And the reasons for why this is the case is clear to anyone with 5 minutes of time to research about the company's self described "capped-profit" investment structure.