Comment on OpenAI abandons plan to become a for-profit company

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dustyData@lemmy.world ⁨1⁩ ⁨week⁩ ago

That’s still a common structure used by billionaires to justify reaping millions of dollars in revenue and still claim, “but I own non-profit”. Also, to say the nonprofit controls the profit part would require the governance and the management hierarchies to be separate to avoid conflict of interests. But this has never been the case. Now they’re becoming a public benefit company, it will be even less the case. This will effectively keep the good will façade while allowing them to left the profit caps. It’s all PR bullshit.

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