News for hackers. Stuff that matters.

A comment on Sam Altman's knack for dodging bullets with a little help from bigshot friends. Parent comment

Re:Sam Altman's knack for dodging bullets with a little help... by pclmulqdq on Sunday December 24, 2023 @08:31PM (#38758743)
OpenAI is a nonprofit. Making investors money is explicitly off the table, despite how much Sam Altman wants that to change.
[ Parent | on HN ]
Re:Sam Altman's knack for dodging bullets with a little help... by Timber-6539 on Sunday December 24, 2023 @10:11PM (#38759316)
OpenAI opted to become a for-profit company to take money from investors back in 2019.

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

[ Parent | on HN ]
Re:Sam Altman's knack for dodging bullets with a little help... by pclmulqdq on Monday December 25, 2023 @02:25AM (#38760562)
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.
[ Parent | on HN ]
Re:Sam Altman's knack for dodging bullets with a little help... by Timber-6539 on Monday December 25, 2023 @03:28AM (#38760846)
> 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.

[ Parent | on HN ]
Re:Sam Altman's knack for dodging bullets with a little help... by sudosysgen on Tuesday December 26, 2023 @03:30AM (#38769896)
The point is that this was a subsidiary under the control of the non-profit. It was mostly there for tax reasons.
[ Parent | on HN ]
Re:Sam Altman's knack for dodging bullets with a little help... by Timber-6539 on Tuesday December 26, 2023 @03:17PM (#38775623)
My point is that the non-profit on OpenAI's operating model is just a tag. And the reasons for why this is the case is clear to anyone with 5 minutes of time to research about the company's self described "capped-profit" investment structure.
[ Parent | on HN ]