[granzymes]

The intellectual property (code, data) was transferred from the nonprofit to the for-profit for about $60M, which is what an independent firm hired to assess the value said the IP was worth in late 2018 / early 2019. The nonprofit itself was never converted to a for-profit, and indeed remains a nonprofit to this day.

The $60M in IP has grown to about a $200B stake in the OpenAI for-profit.

[trivo]

So you're saying that the non-profit (OpenAI Foundation) owns a certain percentage of the for-profit (OpenAI Corporation)?

[dboreham]

The easiest way to think about this is to globally replace "non-profit" with "tax-vehicle". These things are all kinds of company. They just created the company in a tax efficient (for them) way.