Mastodon’s founder cedes control, refuses to become next Musk or Zuckerberg
@technology@beehaw.org @news@beehaw.org @usnews@beehaw.org @programming@beehaw.org
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Mastodon’s founder cedes control, refuses to become next Musk or Zuckerberg
@technology@beehaw.org @news@beehaw.org @usnews@beehaw.org @programming@beehaw.org
#technology #news
OpenAI is a for profit company, owned by a non profit. External investors can invest in the for profit subsidiary, but it is still owned by the non profit. Investors are only allowed a capped amount of profit. (The capped amount is still bajillions afaik). But the for profit is legally bound to follow the non-profit’s mission.
https://gizmodo.com/to-further-its-mission-of-benefitting-everyone-openai-will-become-fully-for-profit-2000543628
I didn’t know that! Thanks for the article