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> Can someone more knowledgeable tell me how to square this with the news that OpenAI is trying to spin up a for-profit arm? Are they afraid of layoffs or are t
by throwup238 2y ago
> Can someone more knowledgeable tell me how to square this with the news that OpenAI is trying to spin up a for-profit arm? Are they afraid of layoffs or are they smelling things turning rotten?
OpenAI spun up the for-profit arm called OpenAI Global, LLC in 2019 [1] shortly after GPT2. If you pay for ChatGPT plus or for the API, that's where your money has been going.
The big change is that they want to allow the for-profit arm to issue shares to other people and investors. Until now, the for-profit arm has been owned and controlled by the nonprofit's holding company [2].
[1] https://en.wikipedia.org/wiki/OpenAI#2019:_Transition_from_non-profit https://en.wikipedia.org/wiki/OpenAI#2019:_Transition_from_n...
[2] https://images.ctfassets.net/kftzwdyauwt9/4200df88-28fe-4212-ecc2b9b9a0ff/1596858ab868d5888c8a4dd8b4773489/Structure_Map_Light.jpg https://images.ctfassets.net/kftzwdyauwt9/4200df88-28fe-4212... from https://openai.com/our-structure/ https://openai.com/our-structure/