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0 pointspclmulqdq2y ago0 comments

OpenAI is a nonprofit. Making investors money is explicitly off the table, despite how much Sam Altman wants that to change.

0 comments

Timber-65392y ago

OpenAI opted to become a for-profit company to take money from investors back in 2019.

https://openai.com/blog/openai-lp

pclmulqdqOP2y ago

OpenAI did not become for-profit. OpenAI opened a limited-profit arm. The board of directors who fired Sam Altman is the board of the nonprofit.

Timber-65392y ago

> limited-profit arm.

This is another one of those recent buzzwords that mean nothing. Like oil conglomerates making "green energy" donations and calling themselves low carbon emitters.

sudosysgen2y ago

The point is that this was a subsidiary under the control of the non-profit. It was mostly there for tax reasons.

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0 comments

Timber-65392y ago

OpenAI opted to become a for-profit company to take money from investors back in 2019.

https://openai.com/blog/openai-lp

pclmulqdqOP2y ago

OpenAI did not become for-profit. OpenAI opened a limited-profit arm. The board of directors who fired Sam Altman is the board of the nonprofit.

Timber-65392y ago

> limited-profit arm.

This is another one of those recent buzzwords that mean nothing. Like oil conglomerates making "green energy" donations and calling themselves low carbon emitters.

sudosysgen2y ago

The point is that this was a subsidiary under the control of the non-profit. It was mostly there for tax reasons.

2 more replies

j / k navigate · click thread line to collapse