• Zwuzelmaus@feddit.org
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    34 minutes ago

    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”

    What a dirty lie in the first place!

  • captainastronaut@seattlelunarsociety.org
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    3 hours ago

    “Previously, investors in OpenAI’s commercial entity were capped at making 100 times their money before the rest of its profits flowed back to the nonprofit.

    With the new PBC subsidiary, OpenAI spokesperson Steve Sharpe tells me that investors and employees will own regular stock with no cap on how much it can appreciate. “

    They got exactly what they want anyway. This is no victory.

    • NoSpotOfGround@lemmy.world
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      2 hours ago

      This doesn’t make sense to me. The ultimate value of shares is in the dividends they represent, no? If there are no dividends ever, what are they sharing in? Is it just a postponement until future dividends? A share in control of activities?

      I get that there’ll be speculation that will keep values increasing, and selling can net a profit, but what does the last share-holder get?