Rekall Incorporated@lemm.ee to Technology@lemmy.worldEnglish · edit-22 days agoOpenAI to remove non-profit control and give Sam Altman equitywww.reuters.comexternal-linkmessage-square29fedilinkarrow-up1223arrow-down14
arrow-up1219arrow-down1external-linkOpenAI to remove non-profit control and give Sam Altman equitywww.reuters.comRekall Incorporated@lemm.ee to Technology@lemmy.worldEnglish · edit-22 days agomessage-square29fedilink
minus-squarehelenslunch@feddit.nllinkfedilinkEnglisharrow-up5·15 hours agoI’m so confused. I thought this was illegal? The OpenAI non-profit will continue to exist and own a minority stake in the for-profit company Wait what? Are they restructuring to a for-profit or not? They already have a separate for-profit company.
minus-squareTheGalacticVoid@lemm.eecakelinkfedilinkEnglisharrow-up3·13 hours agoOpenAI the non-profit owned OpenAI the company since the company was created. The non-profit is simply reducing its stake/share of the company and giving it to investors and/or Altman
minus-squarehelenslunch@feddit.nllinkfedilinkEnglisharrow-up2·12 hours agoAh, that makes more sense, thanks.
I’m so confused. I thought this was illegal?
Wait what? Are they restructuring to a for-profit or not? They already have a separate for-profit company.
OpenAI the non-profit owned OpenAI the company since the company was created. The non-profit is simply reducing its stake/share of the company and giving it to investors and/or Altman
Ah, that makes more sense, thanks.