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A comment on OpenAI should now change their name to ClosedAI. Parent comment

Re:OpenAI should now change their name to ClosedAI by eggsnbacon1 on Monday July 20, 2020 @11:53AM (#23899040)
that's not what happened with OpenAI though. They're not a non-profit anymore, they changed to a "controlled profit" (lol) model.

I didn't know this was even possible/legal. Start as a non-profit for all the tax advantages and convert to for-profit once you've got a saleable product? Maybe startups should start doing this

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Re:OpenAI should now change their name to ClosedAI by chrisco255 on Monday July 20, 2020 @02:21PM (#23900455)
What's the point? If your business doesn't turn a profit then you don't owe business income taxes anyways. Most businesses take several years to reach profitability.
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Re:OpenAI should now change their name to ClosedAI by texasbigdata on Monday July 20, 2020 @05:34PM (#23902162)
I thought it was capped profit not controlled.
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