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Elon on how OpenAI , a non-profit he donated $100M somehow became a $30B market cap for-profit company : r/ChatGPT

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Subreddit to discuss ChatGPT and AI. Not affiliated with OpenAI. Thanks, Nat! Are there any articles that discuss how this transformation occurred? I'm genuinely curious. track me I’m going to Ask chat GPT. OpenAI shifts from nonprofit to ‘capped-profit’ to attract capital - TechCrunch Wayback Machine Link Elon knows how, but by his pointing it out, it will cause others to look at this potentially unethical arrangement. The non-profit forms a corporation that the non-profit owns. The for-profit hires people and does deals. This is what the Mozilla Foundation did with the Mozilla Corporation. The Mozilla Corporation does the 700 million USD deal with Google. It's kinda like Superman 3. Sounds like a very useful structure for privatizing profits and socialising losses i don't like musk but this criticism is 100% valid, and it's good he's making people aware of it. some of these comments are giving me r/HailCorporate vibes. So OpenAI the non-profit still exists and still has the same miss

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