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mr_toad
on June 12, 2024
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Elon Musk drops suit against OpenAI and Sam Altman
> the nonprofit owns the corporation
They only own about 2% of it. The rest is split between Microsoft and other investors.
dragonwriter
on June 12, 2024
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The nonprofit has 100% control of the for-profit entity, though it does not have 100% of equity.
indoordin0saur
on June 12, 2024
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Even so, it doesn't matter. Controlling board has been replaced by cronies who have no interest in the original altruistic purpose of the company, whether they call themselves not-for-profit or not.
mr_toad
on June 13, 2024
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The have 100% de jure control and 0% de facto control.
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They only own about 2% of it. The rest is split between Microsoft and other investors.