June 25, 2023, 3:40 p.m. | /u/That_Violinist_18

Machine Learning www.reddit.com

>In 2019, OpenAI changed from a nonprofit to a ‘[capped profit](https://openai.com/blog/openai-lp)’ model in an effort to raise capital while still serving their mission.
Per their blog post, “The fundamental idea of OpenAI LP is that investors and employees can get a capped return if we succeed at our mission, which allows us to raise investment capital and attract employees with startup-like equity. But any returns beyond that amount—and if we are successful, we expect to generate orders of magnitude more …

beyond blog capital employees equity investment investors machinelearning mission openai openai lp orders per returns startup value

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