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submitted 1 month ago by cm0002@lemmy.world to c/technology@lemmy.world

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[–] Zwuzelmaus@feddit.org 115 points 1 month ago* (last edited 1 month ago) (5 children)

investors in OpenAI’s commercial entity were capped at making 100 times their money

They should never be allowed to call this a "non-profit" (and probably even get tax exemptions?)

What a dirty lie in the first place!

[–] Ajen@sh.itjust.works 14 points 1 month ago

No, those were the terms when the company was "for profit." Now that they're "nonprofit" the investors can make unlimited profit.

The billions of dollars the company raised in its last two funding rounds were contingent on successfully removing this limit on investor returns.

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