Comment on Elon Musk just offered to buy OpenAI for $97.4 billion
futatorius@lemm.ee 1 week agoOpenAI 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.
ubergeek@lemmy.today 1 week ago
B Type corps have a fair number of investors, looking to invest. A lot of investors look for socially conscious investments.