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[return to "OpenAI is now everything it promised not to be: closed-source and for-profit"]
1. gorbyp+Np[view] [source] 2023-03-01 12:24:36
>>isaacf+(OP)
Can anyone comment on how the actual structure is setup? I was under the impression that there was still an OpenAI non-profit that controls the OpenAI "capped profit" company. Microsoft has/is acquiring 49% of the capped profit company, so doesn't that leave 51% in control of the non-profit? Am I way off on their structure?
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2. fwlr+Cu[view] [source] 2023-03-01 13:01:18
>>gorbyp+Np
The few people that know the actual nitty gritty details are probably not inclined, incentivized, or permitted to reveal them, so speculation is all we have.

The 10,000ft view: they are capped profit at 100x investment; Microsoft has invested $10 billion; 100x $10 billion = $1 trillion; therefore, OpenAI is a for-profit company until they earn a trillion dollars for Microsoft, and then they’re a non-profit after that.

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