Comment on Elon Musk just offered to buy OpenAI for $97.4 billion

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futatorius@lemm.ee ⁨1⁩ ⁨week⁩ ago

OpenAI is not a public company and thus doesn’t have a fiduciary duty

Public companies only have fiduciary duty to their sharehoders to the extent that their corporate charters say that they do. It’s entirely possible to launch a corporation that promises nothing to its shareholders, though it might be difficult to find investors.

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