zlacker

In this case, the company is a non-profit, so it is indeed the other way around

>>airstr+(OP)
OpenAI has been for profit since 2019.

https://en.wikipedia.org/wiki/OpenAI#2019:_Transition_from_n...

>>colone+En
It is not that simple. https://openai.com/our-structure

The board is for the non-profit that ultimately owns and totally controls the for-profit company.

Everyone that works for or invests in the for-profit company has to sign an operating agreement that states the for-profit actually does not have any responsibility to generate profit and that it's primary duty is to fulfill the charter and mission of the non-profit.

>>colone+En
If you don’t know anything, why are you posting

>>cthalu+zs
Then what's the point of the for-profit?

>>andai+AC
> Then what's the point of the for-profit?

To allow OpenAI to raise venture capital, which allows them to exchange equity for money (ie, distribute [future] rights to profit to shareholders)