Rekall Incorporated@lemm.ee to Technology@lemmy.worldEnglish · edit-21 month agoOpenAI to remove non-profit control and give Sam Altman equitywww.reuters.comexternal-linkmessage-square29fedilinkarrow-up1242arrow-down15cross-posted to: technology@lemmy.ml
arrow-up1237arrow-down1external-linkOpenAI to remove non-profit control and give Sam Altman equitywww.reuters.comRekall Incorporated@lemm.ee to Technology@lemmy.worldEnglish · edit-21 month agomessage-square29fedilinkcross-posted to: technology@lemmy.ml
minus-squarehelenslunch@feddit.nllinkfedilinkEnglisharrow-up5·1 month agoI’m so confused. I thought this was illegal? The OpenAI non-profit will continue to exist and own a minority stake in the for-profit company Wait what? Are they restructuring to a for-profit or not? They already have a separate for-profit company.
minus-squareTheGalacticVoid@lemm.eelinkfedilinkEnglisharrow-up4·1 month agoOpenAI the non-profit owned OpenAI the company since the company was created. The non-profit is simply reducing its stake/share of the company and giving it to investors and/or Altman
minus-squarehelenslunch@feddit.nllinkfedilinkEnglisharrow-up2·1 month agoAh, that makes more sense, thanks.
I’m so confused. I thought this was illegal?
Wait what? Are they restructuring to a for-profit or not? They already have a separate for-profit company.
OpenAI the non-profit owned OpenAI the company since the company was created. The non-profit is simply reducing its stake/share of the company and giving it to investors and/or Altman
Ah, that makes more sense, thanks.