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1. gorbyp+(OP)[view] [source] 2023-03-01 12:24:36
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?
replies(1): >>fwlr+P4
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2. fwlr+P4[view] [source] 2023-03-01 13:01:18
>>gorbyp+(OP)
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.

replies(1): >>EagnaI+z9
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3. EagnaI+z9[view] [source] [discussion] 2023-03-01 13:32:57
>>fwlr+P4
They went for profit back in 2019.

The capped profit was so their employees could invest in the company.

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