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Re:OpenAI announces leadership transition by colonelsherburn on Saturday November 18, 2023 @09:38AM (#38320097)
Re:OpenAI announces leadership transition by cthalupa on Saturday November 18, 2023 @10:07AM (#38320402)
It is not that simple. https://openai.com/our-structure

The board is for the non-profit that ultimately owns and totally controls the for-profit company.

Everyone that works for or invests in the for-profit company has to sign an operating agreement that states the for-profit actually does not have any responsibility to generate profit and that it's primary duty is to fulfill the charter and mission of the non-profit.

Re:OpenAI announces leadership transition by andai on Saturday November 18, 2023 @11:09AM (#38321023)
Then what's the point of the for-profit?
Re:OpenAI announces leadership transition by chimeracoder on Saturday November 18, 2023 @11:20AM (#38321163)
> Then what's the point of the for-profit?

To allow OpenAI to raise venture capital, which allows them to exchange equity for money (ie, distribute [future] rights to profit to shareholders)

Re:OpenAI announces leadership transition by Cacti on Saturday November 18, 2023 @10:26AM (#38320576)
If you don’t know anything, why are you posting