Comment by msmart 4 years ago OpenAI is a non-profit. 5 comments msmart Reply dorkwood 4 years ago They were previously non-profit. They changed to "capped profit" in 2019, meaning profits for investors are capped at 100x their original investment. So an investment of ten million dollars will only return, at most, 1 billion dollars.https://techcrunch.com/2019/03/11/openai-shifts-from-nonprof... Aeolun 4 years ago The fuck? That’s basically no different from a for-profit company. himlion 4 years ago And probably when the profit starts to reach that level they can just change it again.. singularity2001 4 years ago they capped the open in open ai in the slang sense of the word msmart 4 years ago Thanks. I wasn’t aware of that change.
dorkwood 4 years ago They were previously non-profit. They changed to "capped profit" in 2019, meaning profits for investors are capped at 100x their original investment. So an investment of ten million dollars will only return, at most, 1 billion dollars.https://techcrunch.com/2019/03/11/openai-shifts-from-nonprof... Aeolun 4 years ago The fuck? That’s basically no different from a for-profit company. himlion 4 years ago And probably when the profit starts to reach that level they can just change it again.. singularity2001 4 years ago they capped the open in open ai in the slang sense of the word msmart 4 years ago Thanks. I wasn’t aware of that change.
Aeolun 4 years ago The fuck? That’s basically no different from a for-profit company. himlion 4 years ago And probably when the profit starts to reach that level they can just change it again..
himlion 4 years ago And probably when the profit starts to reach that level they can just change it again..
They were previously non-profit. They changed to "capped profit" in 2019, meaning profits for investors are capped at 100x their original investment. So an investment of ten million dollars will only return, at most, 1 billion dollars.
https://techcrunch.com/2019/03/11/openai-shifts-from-nonprof...
The fuck? That’s basically no different from a for-profit company.
And probably when the profit starts to reach that level they can just change it again..
they capped the open in open ai in the slang sense of the word
Thanks. I wasn’t aware of that change.