this post was submitted on 18 Nov 2023
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Seen this story time and time again. "Founder of company kicked out of own business they created". Why does this happen so often?
When you go public its not really your company anymore, its shareholders company.
OpenAI is not publicly traded company, but they have of course sold shares to other parties.
It's a little more complicated than that. OpenAI's core business is a non-profit, and nobody has shares in it that generate any kind of returns. Any extra money they make is either reinvested, donated to another non-profit, or just sits in a bank account until they do one of the first two things.
There is a for-profit arm of it, though, and some people do have shares in that.
The board in question runs the non-profit part.
Original comment talked about going public, what they have yet not done.
Let the enshittening begin!