my understanding is that OpenAI needs capitalism to efficiently allocate the resources to get things done, but its capped structure will switch back to non-profit after return back the capital.
also super majority of OpenAI early employees are not in for money, it was simply unlikely then, some folks left perhaps because of that. Many just wanted to do some cool shit and they need money for that, they already achieved that for sure.
It’s not really about money. Although it’s entirely likely, the public doesn’t get anything so it’s just empty virtue signaling. Under the nonprofit structure, early employees don’t even have any power. Whoever takes control of the board can do whatever and that will be a lot riskier than distributed shareholder ownership.
yup, employees were almost sold by board members last Nov. I don't know, it will get crazier down the road. It could be hypocritical, but it is the only place I ever feel belonged.
100%: OpenAI’s virtue signaling is hypocritical!
my understanding is that OpenAI needs capitalism to efficiently allocate the resources to get things done, but its capped structure will switch back to non-profit after return back the capital.
after return 100X of capital?
I think that the original 1B is 100X, but later ones have much lower cap.
also super majority of OpenAI early employees are not in for money, it was simply unlikely then, some folks left perhaps because of that. Many just wanted to do some cool shit and they need money for that, they already achieved that for sure.
It’s not really about money. Although it’s entirely likely, the public doesn’t get anything so it’s just empty virtue signaling. Under the nonprofit structure, early employees don’t even have any power. Whoever takes control of the board can do whatever and that will be a lot riskier than distributed shareholder ownership.
yup, employees were almost sold by board members last Nov. I don't know, it will get crazier down the road. It could be hypocritical, but it is the only place I ever feel belonged.