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1. mupuff+(OP)[view] [source] 2023-11-20 05:20:16
Who's gonna sue if there's no shareholders being that it's a non profit?
replies(2): >>seanhu+g2 >>dorkwo+tc
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2. seanhu+g2[view] [source] 2023-11-20 05:32:35
>>mupuff+(OP)
There are investors including sequoia, Tiger Global and Microsoft[1]. They may well have standing to sue.

[1] Sorry - the full list is behind a paywall https://www.crunchbase.com/organization/openai/company_finan...

replies(1): >>mupuff+14
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3. mupuff+14[view] [source] [discussion] 2023-11-20 05:41:58
>>seanhu+g2
I believe those are investor the in for-profit organization while the board is responsible for the non-profit org, and I believe the for-profit is bound to the mission of the non profit but not the other way around.

But I'm sure someone here knows the legal structure better than I do, I just quickly skimmed over

https://openai.com/our-structure

replies(1): >>seanhu+j7
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4. seanhu+j7[view] [source] [discussion] 2023-11-20 06:02:03
>>mupuff+14
That's why I said they may well have standing to sue. It's going to get messy if it goes there for sure.
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5. dorkwo+tc[view] [source] 2023-11-20 06:33:42
>>mupuff+(OP)
I thought they switched to a "capped profit" model, where investors are capped at a 100x return on investment.
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