Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

You can't own a non-profit. It doesn't have shares or shareholders. The article says they want the non-profit to own shares of the PBC.


The OpenAI announcements seems to lay out a much different separation of operations moving forward:

"Under the proposed structure, the public benefit corporation, which is a for-profit corporate entity, will run and control OpenAI’s operations and business, while the non-profit will hire a leadership team and staff for charitable initiatives in sectors such as healthcare, education and science."

https://www.theguardian.com/technology/2024/dec/27/openai-pl...

The non-profit would be relegated to work off to the side to make it's impact in the world, where the new for-profit corporate entity will just focus on profit.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: