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You can't own a non-profit. It doesn't have shares or shareholders. The article says they want the non-profit to own shares of the PBC.
by singron 2y ago
You can't own a non-profit. It doesn't have shares or shareholders. The article says they want the non-profit to own shares of the PBC.
- j45 2y agoThe OpenAI announcements seems to lay out a much different separation of operations moving forward: "Under the proposed structure, the public benefit corporation, which is a for-profit corporate entity, will run and control OpenAI’s operations and business, while the non-profit will hire a leadership team and staff for charitable initiatives in sectors such as healthcare, education and science." https://www.theguardian.com/technology/2024/dec/27/openai-plan-for-profit-structure https://www.theguardian.com/technology/2024/dec/27/openai-pl... The non-profit would be relegated to work off to the side to make it's impact in the world, where the new for-profit corporate entity will just focus on profit.