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by cthalupa
947 days ago
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Yes. Microsoft had to sign an operating agreement when they invested that said the company has no responsibility or obligation to turn a profit. LLCs are able to structure themselves in such a way that their primary duty is not towards their shareholders. https://openai.com/our-structure - check out the pinkish-purpleish box. Every investor and employee in the for-profit has to agree to this as a condition of their investment/employment. |
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> with the understanding that it may be difficult to know what role money will play in a post-AGI world