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Is there anything that prevents Kagi from doing an OpenAI and going for profit?
by rmholt 2y ago
Is there anything that prevents Kagi from doing an OpenAI and going for profit?
- pbronez 2y agoKagi is already for profit, they just haven’t raised a huge amount of money: > Kagi can afford this because they go further than being bootstrapped and profitable: As a Public Benefit Corporation, not beholden to maximizing shareholder value.
- graemep 2y agoWhat is the actual difference? As far as I can see it explicitly allows management to consider public benefit, which is something they can do anyway (certainly if the shareholders allow it).
- FinnLobsien 2y agoThey are for profit, they're just a "public benefit corporation". I don't know exactly what that means and I don't think it comes with any obligations (like being a non-profit would). It's the same status Patagonia has. I think it's more of a signal to investors (we won't maximize your gains) and a brand boost with the community.