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1. cthalu+(OP)[view] [source] 2023-11-18 15:07:25
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.

replies(1): >>andai+1a
2. andai+1a[view] [source] 2023-11-18 16:09:11
>>cthalu+(OP)
Then what's the point of the for-profit?
replies(1): >>chimer+hc
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3. chimer+hc[view] [source] [discussion] 2023-11-18 16:20:54
>>andai+1a
> 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)

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