“Fourth, profit allocated to investors and employees, including Microsoft, is capped. All residual value created above and beyond the cap will be returned to the Nonprofit for the benefit of humanity.”
@officiallogank
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OpenAI Board Independence and Equity Structure Clarified
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“Third, the board remains majority independent. Independent directors do not hold equity in OpenAI. Even OpenAI’s CEO, Sam Altman, does not hold equity directly. His only interest is indirectly through a Y Combinator investment fund that made a small investment in OpenAI before
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OpenAI’s Nonprofit Mission Supersedes For-Profit Subsidiary Interests
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“While the for-profit subsidiary is permitted to make and distribute profit, it is subject to this mission. The Nonprofit’s principal beneficiary is humanity, not OpenAI investors.”
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OpenAI Nonprofit Controls For-Profit Subsidiary Structure
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So so so many useful quotes from this page: “First, the for-profit subsidiary is fully controlled by the OpenAI Nonprofit”
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Understanding OpenAI’s Non-Profit Capped Profit Structure
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If you are skeptical of @OpenAI
’s non-profit / capped profit structure, please consider reading this page which goes into the detail. I see so many people confused about how the structure works, share it with a skeptic! https://
openai.com/our-structure -
ChatGPT Customization: First Step Towards AI Agents
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It’s our first step towards agents. GPT’s will get much better over time, many people have been asking for the ability to customize ChatGPT with files, tools, and instructions. Excited we delivered that. But this is only the first step. So much more to come!
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iMessage Integrations Enable New Communication Pathways
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There’s integrations that allow you to send via iMessage!
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OpenAI Assistants API via SMS: Natural Multiplayer Interface
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Working on a demo of the new @OpenAI Assistants API interface via text message. Feels extremely natural to send requests via text and means you can be multiplayer + multi-modal natively. No need to teach someone a new interface. This is the future.
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OpenAI Experiences DDoS Attack Causing Service Outages
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FYI: We are dealing with periodic outages due to an abnormal traffic pattern reflective of a DDoS attack. We are continuing work to mitigate this. Follow along: https://
status.openai.com The team is working very hard to stabilize right now! -
Exciting AI innovations reshape creative and assistive technology landscape
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Sitting at my desk right now dreaming of all the cool ideas people must be working on right now with Vision, Assistants, DALL-E, and TTS. Truly an incredible time to be in the ecosystem.