Comment on OpenAI Execs Mass Quit as Company Removes Control From Non-Profit Board and Hands It to Sam Altman
kippinitreal@lemmy.world 21 hours agoThat’s an excellent point! Why oh why would a tech bro start a non-profit? Its always been PR.
Comment on OpenAI Execs Mass Quit as Company Removes Control From Non-Profit Board and Hands It to Sam Altman
kippinitreal@lemmy.world 21 hours agoThat’s an excellent point! Why oh why would a tech bro start a non-profit? Its always been PR.
frunch@lemmy.world 21 hours ago
It honestly just never occurred to me that such a transformation was allowed/possible. A nonprofit seems to imply something charitable, though obviously that’s not the true meaning of it. Still, it would almost seem like the company benefits from the goodwill that comes with being a nonprofit but then gets to transform that goodwill into real gains when they drop the act and cease being a nonprofit.
I don’t really understand most of this shit though, so I’m probably missing some key component that makes it make a lot more sense.