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OpenAI to remove non-profit control and give Sam Altman equity (www.reuters.com)

submitted 4 months ago* (last edited 4 months ago) by [email protected] to c/[email protected]

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[–] [email protected] 5 points 4 months ago (1 children)

I'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.

[–] [email protected] 4 points 4 months ago (1 children)

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

[–] [email protected] 2 points 4 months ago

Ah, that makes more sense, thanks.