4 ms·
They basically did, though. The nonprofit does nothing except further the interests of the for-profit company, and all employees get shares of of the for-profit
by pclmulqdq 3y ago
They basically did, though. The nonprofit does nothing except further the interests of the for-profit company, and all employees get shares of of the for-profit company.
It's not unusual for nonprofits to have spinoffs, but it is unusual for the nonprofit to be so consumed by its for-profit spinoffs.
- threeseed 3y ago> The nonprofit does nothing except further the interests of the for-profit company, and all employees get shares of of the for-profit company OpenAI has always argued that the for-profit is furthering the aims of the non-profit. Also employees can't get shares of the non-profit so of course they would from the for-profit arm.
- pclmulqdq 3y agoThat argument will be tested in court. It certainly looks like things are the other way around as of now. Most non-profit employees receive their compensation in the form of a salary. If you need to pay "market rate" competing with organizations that offer equity, you pay a bigger salary. When non-profits spin for-profits off (eg research spinoffs), they do it with a pretty strict wall between the non-profit and the for-profit. That is not the case for OpenAI.