OpenAI's for-profit arm ends in 2024?
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2024 (+0)
$7,127vol
No
Rules summary
If OpenAI has ended its for-profit division by Dec 31, 2024, then the market resolves to Yes. Outcome verified from OpenAI.
As of this Contract’s Issuance, the sole entity the Exchange considers to be for-profit is OpenAI Global, LLC. This could include shutting down the division, converting it to non-profit status, or anything that would result in the for-profit division no longer existing within the OpenAI non-profit parent. OpenAI shutting down its current for-profit division while also maintaining another one opened following Issuance of this Contract would not be encompassed by the Payout Criterion. Expiration value: NoTimeline and payout
About
OpenAI set itself apart from industry leaders like Google by incorporating as a non-profit in 2015, prioritizing social good over profit. In 2019, it shifted to a 'capped profit' model, allowing a for-profit division to attract more funding and provide employee equity. The recent firing of co-founder and CEO Sam Altman seems linked to concerns that he and others were prioritizing profit over safety. This contract will monitor OpenAI's statements to see if they decide to eliminate the for-profit arm and return to its non-profit roots.
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