Statement on OpenAI's Nonprofit and PBC(openai.com)
openai.com
Statement on OpenAI's Nonprofit and PBC
https://openai.com/index/statement-on-openai-nonprofit-and-pbc/
2 comments
Related:
A joint statement from OpenAI and Microsoft
https://news.ycombinator.com/item?id=45216376
OpenAI Takes Big Steps Toward Its Long-Planned Reorganization
https://news.ycombinator.com/item?id=45216376
A joint statement from OpenAI and Microsoft
https://news.ycombinator.com/item?id=45216376
OpenAI Takes Big Steps Toward Its Long-Planned Reorganization
https://news.ycombinator.com/item?id=45216376
Nonprofit equity stake will exceed $100B
So the OpenAI nonprofit will control ~20% of the OpenAI PBC once the conversion is done. This says nothing about different share classes that determine control (the nonprofit will likely still have control of the PBC due to higher power voting shares). The biggest question is how much equity in the PBC Microsoft will get.