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Comment on OpenAI, the company that brought you ChatGPT, just sold you out

zante@lemmy.wtf ⁨10⁩ ⁨months⁩ ago

comedy goldmine :

They could get up to 100 times what they put in, but beyond that, the money would go to the nonprofit, which would use it to benefit the public. For example, it could fund a universal basic income program to help people adjust to automation-induced joblessness.

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TimLovesTech@badatbeing.social ⁨10⁩ ⁨months⁩ ago

“If OpenAI were to retroactively remove profit caps from investments, this would in effect transfer billions in value from a non-profit to for-profit investors,” Jacob Hilton, a former employee of OpenAI who joined before it transitioned from a nonprofit to a capped-profit structure.

I’m sure the investors weren’t selling him on the idea that if they got a bigger return he would as well, surely.

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