ChatGPT Creator Is in Talks for Tender Offer That Would Value It at $29B

Re:ChatGPT Creator Is in Talks for Tender Offer That Would V... by analyst74 on Thursday January 05, 2023 @06:07PM (#34268281)

I thought OpenAI was a non-profit? How does that affect the acquisition? Does that bound the acquirer to its missions?

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Re:ChatGPT Creator Is in Talks for Tender Offer That Would V... by ajonnav on Thursday January 05, 2023 @06:27PM (#34268501)

They used to be a non-profit but changed their structure to a "capped" for-profit a couple of years back -- investor returns are capped at 100x.

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