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Tim Duffy
timfduffy.com
did:plc:mk7qlghvwdjjayu5x3bo3lx2
OpenAI is giving up on buying out their nonprofit! They're transitioning the for profit to a PBC (with uncapped profits), and the nonprofit will own a majority of the PBC, though OpenAI hasn't stated the exact share. Although I don't understand everything here, his seems like a really good outcome.
https://www.cnbc.com/2025/05/05/openai-says-nonprofit-retain-control-of-company-bowing-to-pressure.html
2025-05-05T19:04:28.083Z