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1. mi3law+(OP)[view] [source] 2023-11-18 07:35:19
Not quite accurate.

OpenAI is set up in a weird way where nobody has equity or shares in a traditional C-Corp sense, but they have Profit Participation Units, an alternative structure I presume they concocted when Sam joined as CEO or when they first fell in bed with Microsoft. Now, does Sam have PPUs? Who knows?

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