OpenAI planning to become for-profit company, say reports | OpenAI

sabreW4K3@lazysoci.al to Technology@beehaw.org – 44 points –
OpenAI planning to become for-profit company, say reports
theguardian.com
11

Isn't "Open"AI already a for-profit company in everything except their name?

They are, even in name. There's some weird business structuring loophole where the "uber" OpenAI group is a non-profit, that runs/oversees the for-profit subsidiary OpenAI. It's like OpenAI inc vs OpenAI co or some rediculously meaningless distinction.

So the profit cap has been removed and the non-profit has been kicked out of the control seat. Sounds like they're taking off all the safeties in the name of money.

Goes to show the money always wins, and if AGI comes true, humanity will pay forfeit.