For those curious to learn about OpenAI’s non-profit / capped profit structure, check out: https://
openai.com/our-structure
BIG TECH
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OpenAI’s Non-Profit Capped Profit Structure Explained
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OpenAI Independence: Microsoft Investment Without Board Control
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“While our partnership with Microsoft includes a multibillion dollar investment, OpenAI remains an entirely independent company governed by the OpenAI Nonprofit. Microsoft has no board seat and no control. And, as explained above, AGI is explicitly carved out of all commercial
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OpenAI Independence: Microsoft Partnership Excludes AGI Control
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“While our partnership with Microsoft includes a multibillion dollar investment, OpenAI remains an entirely independent company governed by the OpenAI Nonprofit. Microsoft has no board seat and no control. And, as explained above, AGI is explicitly carved out of all commercial
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OpenAI Independence: Microsoft Investment Without Board Control
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“While our partnership with Microsoft includes a multibillion dollar investment, OpenAI remains an entirely independent company governed by the OpenAI Nonprofit. Microsoft has no board seat and no control. And, as explained above, AGI is explicitly carved out of all commercial
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Microsoft’s Control Over OpenAI Clarified
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Microsoft does not control OpenAI, worth reading more here:
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OpenAI Board Defines AGI Threshold and Commercial Terms
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“Fifth, the board determines when we've attained AGI. Again, by AGI we mean a highly autonomous system that outperforms humans at most economically valuable work. Such a system is excluded from IP licenses and other commercial terms with Microsoft, which only apply to pre-AGI
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OpenAI Independence: Microsoft Partnership Excludes AGI Control
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“While our partnership with Microsoft includes a multibillion dollar investment, OpenAI remains an entirely independent company governed by the OpenAI Nonprofit. Microsoft has no board seat and no control. And, as explained above, AGI is explicitly carved out of all commercial
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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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AI Profit Cap Structure Ensures Humanity Benefits
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“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.”
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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.”