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.
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.
This is a most excellent place for technology news and articles.
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.