this post was submitted on 18 Nov 2023
241 points (96.9% liked)
Technology
59204 readers
3791 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
OpenAI is not publicly traded company, but they have of course sold shares to other parties.
It's a little more complicated than that. OpenAI's core business is a non-profit, and nobody has shares in it that generate any kind of returns. Any extra money they make is either reinvested, donated to another non-profit, or just sits in a bank account until they do one of the first two things.
There is a for-profit arm of it, though, and some people do have shares in that.
The board in question runs the non-profit part.
Original comment talked about going public, what they have yet not done.
Let the enshittening begin!