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> huge financial interest in their success I never understood this. There is money to be made whichever direction the stock moves.
by 2OEH8eoCRo0 3y ago
> huge financial interest in their success
I never understood this. There is money to be made whichever direction the stock moves.
- burkaman 3y agoOpenAI doesn't give stock, they give "Profit Participation Units" that are directly tied to how much profit the company makes. If they aren't making a profit and you can't find a buyer who thinks they will in the future, then they are worthless.
- Drakim 3y agoHow is this compatible with being a non-profit?
- bmiller2 3y ago> SAMUEL ALTMAN, an individual, GREGORY BROCKMAN, an individual, OPENAI, INC., a corporation, OPENAI, L.P., a limited partnership, OPENAI, L.L.C., a limited liability company, OPENAI GP, L.L.C., a limited liability company, OPENAI OPCO, LLC, a limited liability company, OPENAI GLOBAL, LLC, a limited liability company, OAI CORPORATION, LLC, a limited liability company, OPENAI HOLDINGS, LLC, a limited liability company, and DOES 1 through 100, inclusive Kinda seems like it's not https://www.courthousenews.com/wp-content/uploads/2024/02/musk-v-altman-openai-complaint-sf.pdf https://www.courthousenews.com/wp-content/uploads/2024/02/mu...
- gamblor956 3y agoThe non profit is one of the profit participants of the for profit entity.
- burkaman 3y agoThey abandoned the non-profit model 5 years ago.