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Sam Altman to return as CEO of OpenAI
(www.theverge.com)
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this post was submitted on 22 Nov 2023
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Technology
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It's a non-profit. There are no investors.
Microsoft gave them some money in return for IP rights... and they will potentially one day get their money back (and more) if OpenAI is ever able to pay them, but they're not real investors. The amount of money Microsoft might get back is limited.
Hah.
OpanAI, Inc. is non-profit. OpenAI Global is a for-profit entity, and has been for years now. They're trying to have their cake and eat it, too.
but the non profit controls the for profit. that is not even that unusual. Mozilla works the same way
Ok so Microsoft is giving out money now, instead of investing in profit potential? Cool!