floofloof to Technology@lemmy.worldEnglish · 2 months agoOpenAI Execs Mass Quit as Company Removes Control From Non-Profit Board and Hands It to Sam Altmanfuturism.comexternal-linkmessage-square243fedilinkarrow-up11.35Karrow-down18
arrow-up11.34Karrow-down1external-linkOpenAI Execs Mass Quit as Company Removes Control From Non-Profit Board and Hands It to Sam Altmanfuturism.comfloofloof to Technology@lemmy.worldEnglish · 2 months agomessage-square243fedilink
minus-squarelogos@sh.itjust.workslinkfedilinkEnglisharrow-up6·2 months agoWhy would they own equity in a non-profit?
minus-squarePugJesus@lemmy.worldlinkfedilinkEnglisharrow-up4·2 months agoBecause this was always the plan.
minus-squareKnock_Knock_Lemmy_In@lemmy.worldlinkfedilinkEnglisharrow-up1·2 months agoIn theory there would be no profits to distribute, but there would be control of direction via voting rights.
Why would they own equity in a non-profit?
Because this was always the plan.
In theory there would be no profits to distribute, but there would be control of direction via voting rights.