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dorkwood
on Dec 4, 2022
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Building a Virtual Machine Inside ChatGPT
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
on Dec 4, 2022
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The fuck? That’s basically no different from a for-profit company.
himlion
on Dec 4, 2022
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And probably when the profit starts to reach that level they can just change it again..
singularity2001
on Dec 4, 2022
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they capped the open in open ai in the slang sense of the word
msmart
on Dec 8, 2022
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Thanks. I wasn’t aware of that change.
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https://techcrunch.com/2019/03/11/openai-shifts-from-nonprof...